FOR IMMEDIATE RELEASE

AMHERST, NH (June 4, 2026) — The National Federation of Independent Business (NFIB) in New Hampshire, which represents more than 1,700 small businesses in the Granite State, is thanking state lawmakers for passing the historic employment tax relief proposed in the conference report on House Bill 155.

“Reducing the state’s employment tax burden is a major win for small employers in New Hampshire,” said John Reynolds, NFIB New Hampshire State Director. “The Business Enterprise Tax is a financial drag on small employers that makes it more expensive to hire workers, increase compensation, and keep up with competitors in lower tax states. Exempting thousands of additional small employers from the BET and using future surpluses to lower the tax rate is a fiscally responsible plan for helping Granite State businesses hire, grow, and thrive.”

The committee of conference report on HB 155 was approved by the New Hampshire House and Senate today. The final agreement includes three provisions:

BET Filing Threshold: raises the filing threshold from $300,000 to $400,000 in enterprise value, exempting an estimated additional 4,500 small employers from having to file a BET return.

BET Rate Reduction: for every $100 million in combined surplus business tax revenue, reduces the BET rate by 0.05% until the rate reaches its original level of 0.25%.

Nursing Home Funding: appropriates $2.5 million to increase per diem nursing home rates and draw down additional federal matching funds.

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For over 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.