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Bill

HB 1629

repealing the business enterprise tax.

2026 Regular Session Introduced by Aidan Ankarberg and 1 co-sponsor

Repealing New Hampshire's Business Enterprise Tax would eliminate business tax burden but create substantial state budget gaps requiring spending cuts or alternative revenue sources.

Inexpedient to Legislate: MA VV 02/05/2026 HJ 3 P. 23
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Bill Summary · HB 1629

Legislative bill overview

HB 1629 proposes to repeal New Hampshire's Business Enterprise Tax (BET), a tax on business profits and gross revenues. The bill would eliminate this revenue source entirely, reducing state tax burden on businesses.

Why is this important

The BET generates significant state revenue used for education, infrastructure, and services. Repealing it without replacement would create a substantial budget gap that would require either spending cuts, alternative revenue sources, or increased reliance on other taxes. This directly affects both business competitiveness and state service funding.

Potential points of contention

  • Revenue replacement: No identified alternative funding mechanism; eliminating the tax without replacement could force cuts to education, roads, and social services
  • Regressive impact: Repealing the BET might benefit larger corporations more than small businesses, potentially shifting tax burden to individuals through income or property taxes
  • Budget feasibility: The state would need to address a multi-million dollar annual revenue loss, making implementation politically and practically challenging

Compiled from official sources — confirm details with the bill’s official record.

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