Conni White

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.