What taxes does the New Hampshire Department of Revenue Administration administer?
Asked 6 months ago
The New Hampshire Department of Revenue Administration administers various taxes within the state. These include the Business Enterprise Tax (BET), the Business Profits Tax (BPT), the Interest and Dividends Tax (I&D), the Meals and Rentals Tax (M&R), and the Real Estate Transfer Tax (RETT). The Business Enterprise Tax applies to all taxable enterprises operating in New Hampshire, while the Business Profits Tax applies to businesses with taxable net income. The Interest and Dividends Tax is imposed on interest and dividend income earned by individuals, trusts, and estates. The Meals and Rentals Tax is levied on prepared meals and room rentals. Lastly, the Real Estate Transfer Tax is imposed on the transfer of real estate property. The Department of Revenue Administration plays a crucial role in ensuring the proper collection and administration of these taxes in New Hampshire.
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