INSTRUCTIONS: NEW HAMPSHIRE BUSINESS ENTERPRISE TAX RETURN (Form BET)
Businesses operating in New Hampshire whose gross receipts for a tax year exceeded $150,000 or whose enterprise value tax base was greater than $750,000 must complete a state form BET. The document can be obtained from the website of the New Hampshire Department of Revenue Administration.
New Hampshire Business Enterprise Tax Return BET Step 1: Enter the name of your business organization and its taxpayer identification number.
New Hampshire Business Enterprise Tax Return BET Step 2: If filing on a fiscal rather than calendar year basis, enter its beginning and ending dates.
New Hampshire Business Enterprise Tax Return BET Step 3: Enter the total gross receipts for this organization on the first unnumbered line.
New Hampshire Business Enterprise Tax Return BET Step 4: On line 1, enter all dividends paid.
New Hampshire Business Enterprise Tax Return BET Step 5: On line 2, enter all compensation and wages paid or accrued.
New Hampshire Business Enterprise Tax Return BET Step 6: On line 3, enter all interest paid or accrued.
New Hampshire Business Enterprise Tax Return BET Step 7: Add lines 1 through 3 and enter the resulting sum on line 4. This is your taxable enterprise value tax base.
New Hampshire Business Enterprise Tax Return BET Step 8: Multiply line 4 by the tax rate of .0075 to calculate your tax before credits are applied. Enter the resulting product on line 5.
New Hampshire Business Enterprise Tax Return BET Step 9: Complete a separate form DP-160 to calculate any credits offsetting your business enterprise tax. Enter the resulting sum on line 6.
New Hampshire Business Enterprise Tax Return BET Step 10: Subtract line 6 from line 5 and enter the resulting adjusted tax due on line 7.
New Hampshire Business Enterprise Tax Return BET Step 11: If claiming any carryforward BET credits from the previous five years, you must also complete the worksheet on the bottom of the first page. Enter your business profits tax on line 1.
New Hampshire Business Enterprise Tax Return BET Step 12: Complete lines 3 through 8 as instructed to detail and total your carryover BET credits.
New Hampshire Business Enterprise Tax Return BET Step 13: Give the resulting sum on line 2 of the worksheet.
