BET: Business Enterprise Tax Return (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
The 2024 New Hampshire Business Enterprise Tax Return reports a business organization's gross business receipts, dividends paid, compensation and wages paid or accrued, and interest paid or accrued. It calculates the taxable enterprise value tax base and Business Enterprise Tax d
Who files this form
For tax year 2024, you must file the New Hampshire Business Enterprise Tax (BET) return if either:
- Gross business receipts were greater than $281,000; or
- The enterprise value tax base was greater than $281,000.
What you'll need
Have the following information ready for the return:
- Taxpayer name and taxpayer identification number.
- Beginning and ending dates if filing for a taxable period other than calendar year 2024.
- Total gross business receipts.
- Dividends paid.
- Compensation and wages paid or accrued.
- Interest paid or accrued.
Use Form DP-160 to determine credits against BET.
Common mistakes
- Round amounts to the nearest whole dollar.
- If Line 5 minus Line 6 is negative, enter zero on Line 7.
- Report the tax due from Line 7 on BT-SUMMARY, Line 1(a).
- Check the box if you are required to file Form BET-80.
Questions people ask
How is the taxable enterprise value tax base calculated?
Add dividends paid, compensation and wages paid or accrued, and interest paid or accrued from Lines 1, 2, and 3. Enter the total on Line 4.
How is BET calculated before credits?
For tax year 2024, multiply the taxable enterprise value tax base on Line 4 by .0055. Enter the result on Line 5.
How do I determine credits against BET?
Use Form DP-160 to determine the credit against BET, then enter credits on Line 6.
Where do I report the tax due?
Subtract Line 6 from Line 5 and enter the result on Line 7. If the result is negative, enter zero. Report Line 7 on BT-SUMMARY, Line 1(a).