what are the tax rates in New Hampshire?

Answer 1

Interest & Dividend Tax

Statute: RSA 77
Administrative Rules: Chapter Rev 900

Frequently Asked Questions and Answers

What is it? A 5% tax is assessed on interest and dividend income. The State of New Hampshire does not have an income tax on an individual's reported W-2 wages.
Who pays it? Resident individuals, partnerships, limited liability companies, and fiduciaries with non-transferable shares earning interest and dividend taxable income of more than $2,400 annually ($4,800 for joint filers). In addition, the following exemptions may also apply: 1) a $1,200 exemption is available for residents who are 65 years of age or older; 2) a $1,200 exemption is available for residents who are blind regardless of their age; and 3) a $1,200 exemption is available to disabled individuals who are unable to work, provided they have not reached their 65 th birthday.
When is the return due? The return is due on the 15th day of the 4th month following the end of the taxable period. There is no filing requirement for an individual whose total interest and dividend income, after deducting all interest from U.S. obligations or other non-taxable income, is less than $2,400 ($4,800 for joint filers) for a taxable period.
Do I have to make estimated payments? For calendar year filers whose tax liability will exceed $200 ($500 after 1/1/2004), estimated tax payments, paid at 25% each, are due on April 15, June 15 and September 15 of the current calendar year, and January 15 of the subsequent calendar year. For fiscal year filers estimates are due on the 15th day of the 4th, 6th, 9th and 12th month of the taxable period.
Who do I contact with questions? Call Customer Service at [phone] or write to NH DRA at PO Box 637, Concord, NH 03302-0637.
Business Profits Tax

Statute: RSA 77-A
Administrative Rules: Chapter Rev 300
Frequently Asked Questions and Answers

What is it? An 8.5% tax, for taxable periods ending on or after July 1, 2001, is assessed on income from conducting business activity within the state. For multi-state businesses, income is apportioned, using a weighted sales factor of 2 and the payroll and property factors. Organizations operating a unitary business must use combined reporting in filing their NH return.

Who pays it? Any business organization, organized for gain or profit carrying on business activity within the state is subject to this tax. However, organizations with $50,000 or less of gross business income from all their activities are not required to file a return.
When is the return due? Corporate returns are due on the 15th day of the 3rd month following the end of the taxable period. Proprietorship, partnership and fiduciary returns are due on the 15th day of the 4th month following the end of the taxable period. Non-profit returns are due on the 15th day of the 5th month following the end of the taxable period.
Do I have to make estimated payments? Yes, if your estimated tax liability exceeds $200. Four estimate payments are required, paid at 25% each on the 15 th day of the 4th , 6th , 9th and 12th month of the taxable period.
How do I register my new business? New businesses must register by writing to the NH Secretary of State's Office, Corporate Division, 25 Capitol Street, Fl. 3, Concord, NH 03301-6312 or by calling [phone]. Select here to access more information for new businesses.
Who do I contact with questions? Call Customer Service at [phone] or write to NH DRA at PO Box 637, Concord, NH 03302-0637.
Business Enterprise Tax

Statute: RSA 77-E
Administrative Rules: Chapter Rev 2400
Frequently Asked Questions and Answers

What is it? A 0.75% tax is assessed on the enterprise value tax base, which is the sum of all compensation paid or accrued, interest paid or accrued, and dividends paid by the business enterprise, after special adjustments and apportionment.
Who pays it? Enterprises with more than $150,000 of gross receipts from all their activities, or an enterprise value tax base more than $75,000, are required to file a return.
When is the return due? Corporate and combined returns are due on the 15th day of the 3rd month following the end of the taxable period. Proprietorship, partnership and fiduciary returns are due on the 15th day of the 4th month following the end of the taxable period. Non-profit returns are due on the 15th day of the 5th month following the end of the taxable period.
Do I have to make estimated payments? Yes, if your estimated tax liability exceeds $200. Four estimate payments are required, paid at 25% each on the 15th day of the 4th , 6th , 9th and 12th month of the taxable period.
Who do I contact with questions? Call Customer Service at [phone] or write to the NH DRA at PO Box 637, Concord, NH 03302-0637.

Yes Virginia, there are income taxes for New Hampshire.

Answer 2

New Hampshire has no sales or earnings tax with the exception of the "vacationer tax" - rapid nutrients, hotel rooms, and condominium autos. each thing else - groceries, clothing, etc - is tax loose. i comprehend rather some people arise here from different states (Massachusetts, Connecticut, manhattan) to purchase their enormous value ticket products like desktops and TVs.

Answer 3

No income tax or sales tax. But the property tax rates will eat you alive.