We are in a financial crisis. This is not the time to be eliminating taxes.
HB1546
House · 2026 sessionBipartisanKilled in HouseRepealing the business profits tax
AIRepeals the state's business profits tax and removes all related statutory references across tax administration, revenue distribution, financial disclosure, and penalty provisions.
repealing the business profits tax.
Status
Killed in the House — Inexpedient to Legislate · February 5, 2026- ✓Introduced
- ✕House
- Senate
- Governor
- Law
Division of testimony
280 submissionsArgument digest · AI-generated
from 75 of 75 written submissionsHB1546 would repeal New Hampshire's business profits tax (BPT). Nearly all submitted testimony opposes repeal, arguing the BPT is one of the state's largest sources of general fund revenue that funds schools, infrastructure, and public services, that losing it would force higher property taxes or service cuts, and that cutting a major revenue source is fiscally irresponsible while the state already faces a budget deficit; the lone qualified support voice would only back repeal alongside matching spending cuts.
- Would support repeal only alongside matching spending cutsSupport1 of 75 reviewed
One supporter expresses conditional willingness to eliminate the business profits tax (and business enterprise tax) but only in tandem with demonstrated state spending reductions, preferring to fully eliminate one tax before considering both.
- BPT is a major revenue source funding essential servicesOppose39 of 75 reviewed
Opponents argue the business profits tax is one of New Hampshire's largest sources of general fund revenue, and that repealing it would create a shortfall that undermines funding for public education, infrastructure, and other essential services.
“The BPT generates hundreds of millions of dollars annually for the state and is one of the largest sources of unrestricted General Fund revenue. These funds support core services including public education, transportation infrastructure, health and human services, and public safety.”
— Conni White, Portsmouth · #551366 — read full submission →
“The business profits tax is one of New Hampshire's largest sources of revenue, funding schools, infrastructure, and essential services across our state.”
— Casey Leach, Goffstown · #543916 — read full submission →
- Repeal would shift the burden onto property taxesOppose26 of 75 reviewed
Opponents argue that lost BPT revenue would ultimately be replaced by higher property taxes, which they describe as regressive and already a heavy burden on residents.
“It is completely irresponsible to support this bill. If this bill passes and is signed into law, our individual property taxes will sky rocket.”
— Cornelia Schneider, Moultonborough · #549103 — read full submission →
“Passage of this bill will further increase property taxes, which already are the 3rd highest in the USA.”
— Francesca Heap, Richmond · #540812 — read full submission →
- Fiscally irresponsible given the state's current deficitOppose22 of 75 reviewed
Opponents argue that cutting a major tax while the state is already running a budget deficit or facing a fiscal crisis is reckless and worsens the state's financial position.
“This tax cut is utterly irresponsible. The state is already operating at a deficit and this bill wants to cut revenues?”
— Susan Mayer, Lee · #551221 — read full submission →
“NH is already facing a severe budgetary crisis. Given the situation it is completely irresponsible to consider eliminating the BPT..”
— John Walsh, New London · #548549 — read full submission →
- Repeal mainly benefits large, profitable corporationsOppose9 of 75 reviewed
Opponents argue the tax is paid primarily by large, profitable businesses rather than small or struggling ones, so repeal would disproportionately benefit wealthy corporations while shifting costs onto ordinary residents.
“New Hampshire already ranks among the most business-friendly states in the nation, with no broad-based income or sales tax. The BPT applies only to businesses with profits above a threshold and is paid primarily by large, profitable corporations, not small or struggling businesses.”
— Conni White, Portsmouth · #551366 — read full submission →
“Everyone should pay their fair share. The only thing trickling down right now is the expectation that communities, working people, and elderly pay extra so that the wealthiest can get a free ride.”
— Louise Ewing, Antrim · #546278 — read full submission →
- No evidence businesses are asking for this cutOppose1 of 75 reviewed
One opponent, drawing on economic-development experience, argues businesses have not complained about NH's business taxes, which are already among the lowest in the region, and that businesses' real concerns are workforce and housing, not tax rates.
- Bill is characterized as partisan tax policyOppose4 of 75 reviewed
Some opponents frame the bill as a partisan effort, associating it with "Free Stater" or Republican fiscal policy that they say favors the wealthy at the expense of the state's finances.
Generated by claude-sonnet-5 (claude code agent) on Jul 22, 2026. Quotes are verbatim excerpts, verified against the cited submission before publication. Summaries are AI interpretation of the record, not part of it.
Please do not give away any more revenue. The state needs it. The poor people need help,
I oppose this bill.
Please stop the downshifting. Taxpayers can't handle much more.
This will result in higher property taxes making NH even less affordable for people of all ages.
You have already stripped the state budget to practically nothing - you cannot further reduce business taxes and leave ordinary working people to fund the state. Business benefit from plowed roads, fixed bridges and educated citizens - they should pay taxes!
NH is revenue poor. This only lessens the state needed income.
Why are we cutting taxes for the many multinational corporations in NH while putting more tax burden on homeowners? We really don't want to have no services left do we? That may sound good to some but most of us would disagree if we lost our schools, libraries, roads, police and fire! Never mind services for the elderly, disabled, low-income, or mentally ill.
The state if NH is running a deficit and we need more sources of revenue! The Business Profits tax mostly collect revenue from affluent businesses and is a good way to put NH in the black. do NOT repeal the Business Profits Tax! we need the money to pay for public education ad NH HHS etc.
The State of New Hamshire has obligations to its public school students to provide sufficient funding to allow for provision of an constitutionally adequate education in each of our local district public schools. That obligation is still not being met, as recent court cases have proven, yet again. The State also has an obligation to its most vulnerable citizens to ensure they have access to the supports and health care they need to live. The state must maintain roads and bridges for the safety of the public, and many other obligations. Why would it make sense to repeal one of the State's major sources of revenue? We urge you to find HB 1546 Inexpedient to Legislate.
We can’t keep removing funding sources and putting the tax burden on working families here the granite state. We are already pricing our youth, families, and seniors out of NH through increased property taxes. We can’t keep trying to balance the budget on the backs of the working class.
Stop cutting our state's revenue. Do you want higher property taxes?? Because this is how you get higher property taxes!
Our state needs revenue, and cutting a major source is fiscally irresponsible.
I am writing to oppose the proposed repeal of New Hampshire’s Business Profits Tax (BPT). The BPT generates hundreds of millions of dollars annually for the state and is one of the largest sources of unrestricted General Fund revenue. These funds support core services including public education, transportation infrastructure, health and human services, and public safety. Repealing the BPT would create a significant and permanent revenue gap that would need to be filled through higher property taxes, new fees, or cuts to essential services. New Hampshire already ranks among the most business-friendly states in the nation, with no broad-based income or sales tax. The BPT applies only to businesses with profits above a threshold and is paid primarily by large, profitable corporations, not small or struggling businesses. Repeal would therefore deliver the greatest benefit to the most profitable firms, while shifting costs onto residents and municipalities. Local property taxes already account for the majority of education funding in New Hampshire. Eliminating a major state revenue source would further increase pressure on cities and towns, worsening property tax burdens for homeowners and renters alike. For these reasons, I urge you to oppose this bill and maintain a balanced tax structure that asks profitable businesses to contribute fairly to the public systems they rely on.
Srsly where does money for the state even come from at this point? Can't keep repealing every tinsiest tax!
How will this revenue be made up? As NH is in a decifit and spending recklessly with the EFA'S, this is not the time to be cutting any revenue source. Less money coming into the state= more pressure on property owners/ property taxes which are hurts our towns and schools. This makes no sense at all. Respectfully, Wendy Larson
This tax cut is utterly irresponsible. The state is already operating at a deficit and this bill wants to cut revenues? What kind of idiocy is this? NH needs the revenue. How do you expect to pay for the out-of-control school voucher boondoggle that Republicans have gifted to private and religious school parents? Not only should there be no more business tax cuts but the earlier ones should be reversed. I don't understand why Republicans are trying to bankrupt the state.
Repealing this tax is a stupid idea. The State is running a huge deficit and this will put us further in the hole.
The state of New Hampshire should support and defend the rights of its citizens - including the right to marry.
It seems rather foolish to repeal the business profits tax when the state faces fiscal challenges. This will increase financial pressure on property poor towns.
Repealing the business profits tax is irresponsible and just wrong.
STRONGLY OPPOSE! We need this revenue!
The state needs a variety of different tax sources to ensure a functioning state government. Cutting this tax only serves to increases property taxes and increase the tax burden on home owners.
The revenue is needed. Too many programs have had their funds cut already.
The sate needs revenue. We should not do away with this established source of revenue for the state.