What taxes does the New Hampshire Department of Revenue Administration administer?

The New Hampshire Department of Revenue Administration is responsible for administering several key taxes that are crucial for both residents and businesses in the state. One of the most significant taxes is the Business Profits Tax, which applies to corporations doing business in New Hampshire. There is also the Business Enterprise Tax, a tax levied on business enterprises based on their enterprise value, which includes wages and interest. In addition, the department manages the Interest and Dividends Tax, which pertains to income derived from interest and dividends earned by individuals. Another important aspect of their administration involves the property tax, as local municipalities rely heavily on property taxes to fund services. Additionally, New Hampshire does not impose a general sales tax or an income tax on wages, which distinguishes it from many other states. For those looking for further details on these taxes or other specific inquiries, the New Hampshire Department of Revenue Administration's website offers comprehensive information regarding tax rates, forms, and guidelines. This can be a valuable resource for understanding your obligations and how these taxes apply to different situations.