Bill wipes out the main tax on business profits
Repealing the business profits tax. · Introduced as of 2025-12-10
Bad for everyday people — on our 1–10 scale, 1 hurts and 10 helps.
What it does
This bill would completely cancel the state tax on business profits, which means big companies would pay less while regular people might face cuts to public services.
What it means for you
New Hampshire uses the business profits tax to help pay for public schools and state services. This bill would completely delete that tax. If profitable companies stop paying their share, the state will lose a huge amount of money. That means regular people will either have to pay higher local taxes to make up the difference, or they will lose important state programs. It is a massive giveaway to big companies at the expense of everyday citizens.
Who it's for
Big Business
Why it scores 2/10 — the receipts
- Who Bears the Cost (hurts) — Shifts the tax burden away from profitable businesses.. By repealing the business profits tax, the state loses a major revenue source, leaving regular taxpayers to make up the difference or face service cuts.
- Funding Tilt (hurts) — Massive financial giveaway to corporations.. The bill completely eliminates the tax that businesses pay on their profits, keeping that money in corporate pockets instead of funding state needs like the education trust fund.
Follow the money
Pushing for it: Profitable businesses
Bearing the cost: State of New Hampshire and public schools
Who's behind it
Republican-sponsored (2R / 0D / 1I)