01/19/2026
Hey Chester Dems!
New Hampshire HB 155, concerning a Business Enterprise Tax (BET) rate reduction from 0.55% to 0.50% for 2026 and beyond, passed the House in early January 2026 but faced strong bipartisan opposition, with advocates highlighting potential state revenue loss and increased local property tax burdens, while supporters claim it boosts business competitiveness; the bill's next step involves review by the Senate in the ongoing 2026 session.
Simply put, HB155 Is a Corporate Bailout that we simply can’t afford at this time. It doesn’t make sense to give another tax break to wealthy corporations while families all across New Hampshire are struggling to simply keep up with the cost of living.
If passed, it would cut New Hampshire’s Business Enterprise Tax (BET) — a tax already reduced by nearly 27% since 2015. Lowering the BET again would hand another major tax break to large corporations while draining millions from the state budget.
There is a significant Fiscal Impact if this Bill is signed into law. The Office of Legislative Budget Assistant (LBA) estimated the cumulative fiscal impact as a reduction in State Revenue of $4.3M in year 1; $24M in year 2; and $46.3M in year 3.
Despite the current struggles with meeting existing Revenue Projections, this Bill is a priority being advanced with support from “Americans For Prosperity”, touting a “trickle-down economics” theory as justification.
Do you really believe that this concept is applicable in the current economy?
Here’s what the bill does:
• Lowers the BET rate from 0.55% → 0.50%
• Would potentially cost the state a cumulative fiscal impact ~ as a reduction in State Revenue ~ of $46.3M in year 3 (based on 2023 filings)
• Adds to the $795M–$1.17B already lost from business-tax cuts since 2015
• Benefits the largest 1% of corporations, not small local businesses
After house republicans advanced HB 155, this bill heads to the Senate for a vote. If it becomes law, it will deepen New Hampshire’s fiscal crisis, raise property taxes, and reduce available funding for housing, child care, education, and health care.
Does that make sense to you???
Our colleagues at “Our Economy / Our Future NH” have provided an easy-to-use tool to contact your Senator via e-mail. (Note ~ you can customize / edit the text as you prefer before sending it.)
Please take a few minutes to contact you state Senator!
Hardworking Granite Staters, their families, and our small businesses are being squeezed from all sides—rent and mortgage payments have doubled since 2015, child care for two kids now costs almost $30,000 a year, and health insurance costs are up more than 300 percent. While everyday costs climb,...