NH HB1546

Repeals New Hampshire's Business Profits Tax (BPT) and all statutory references to it, effective January 1, 2027, applying to taxable periods ending on or after December 31, 2027

Eliminates approximately $819.6 million in annual state revenue once fully implemented, with estimated losses of $155.7 million in FY2027, $721.2 million in FY2028, and $819.6 million annually from FY2029 forward

Revenue losses split between the General Fund (approximately $500 million annually) and the Education Trust Fund (approximately $319.6 million annually)

Removes associated tax credits including the research and development tax credit, qualified investment company election provisions, and the credit for business enterprise tax against business profits tax

Requires conforming amendments to numerous statutes referencing the BPT, including provisions related to employee leasing companies, economic revitalization zones, education tax credits, and corporate dissolution procedures