Senators seek to raise floor for business profits tax from $50k to $75k
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Posted on 11/21/2019 by
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New Hampshire state senators have proposed raising the threshold for who pays the state’s business profits tax, a move that would eliminate the tax entirely for a narrow band of small businesses.

A bipartisan group of senators on the Ways and Means Committee voted 3-1 to recommend Senate Bill 223, which would increase the lower limit of the BPT from $50,000 in gross profits to $75,000.

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