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Archive for January, 2019

New Round of Job-Creating Business Tax Cuts Take Effect in 2019

Wednesday, January 2nd, 2019

The New Year means further reductions to New Hampshire’s business taxes, which take effect on Jan. 4.

“New Hampshire’s economy is booming like never before, thanks to strategic investments and tax cuts made by my administration,” said Gov. Chris Sununu. “Our commitment to creating a business-friendly climate in the Granite State continues into the New Year, with a 2.5 percent reduction in the Business Profits Tax and 11 percent reduction in the Business Enterprise Tax.

“I’m incredibly proud that our management has led to more Granite Staters working than ever before, an increase in the number of young people moving to New Hampshire, and consumer confidence is at an all-time high. New Hampshire’s economy is roaring – and with this new round of job-creating tax cuts, we continue to move in the right direction. We remain committed to a further 2.5 percent reduction of the Business Profits Tax and 16.6 percent reduction of the Business Enterprise Tax in 2021. The economic successes we create for individuals will continue to drive opportunity for the state.”