BET-CW: Business Enterprise Tax Credit Worksheet (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
The 2024 New Hampshire Business Enterprise Tax Credit Worksheet tracks available Business Enterprise Tax (BET) credits, credits applied to Business Profits Tax (BPT), and excess credits. It includes BET paid for the current taxable period and carryover amounts from the ten prior
What you'll need
To complete the worksheet, have these details available:
- Your taxpayer name, taxpayer identification number, and taxable period.
- Your Business Profits Tax (BPT) return. The worksheet uses Line 19 of NH-1120-WE or Line 12 of other BPT forms.
- Your Business Enterprise Tax (BET) return. The worksheet uses the tax paid amount from Line 7.
- BET credit carryover amounts from the first through tenth prior taxable periods.
- DP-160 information, if applicable. The worksheet references Part A, Line 4 and Part B, Line 9.
Common mistakes
- Follow the worksheet's stated carryforward order: tenth prior taxable period through first prior taxable period.
- Do not use the regular credit-total entry when DP-160 credits exist. The worksheet says to use the DP-160, Part B, Line 9 amount instead and apply it on Line 20(b) of NH-1120-WE or Line 13(b) of other BPT forms.
Questions people ask
Which tax period does this worksheet cover?
The worksheet is for calendar year 2024 or another taxable period with beginning and ending dates entered on the form.
What goes on Line 1?
Enter the Business Profits Tax from Line 19 of NH-1120-WE or Line 12 of other BPT forms.
What goes on Line 3?
Enter the BET tax paid amount from Line 7 of the BET return plus Line 4 of DP-160, Part A.
What do Columns A, B, and C show?
Column A shows available credits, Column B shows credit applied to BPT, and Column C shows excess credits.
Where does the credit total go on the BPT return?
Add Column B, Lines 3 through 13, and include the total on Line 20(a) of NH-1120-WE or Line 13(a) of other BPT forms. If DP-160 credits exist, use the DP-160, Part B, Line 9 amount instead and apply it on Line 20(b) of NH-1120-WE or Line 13(b) of other BPT forms.