Repeal of Interest and Dividends Tax disproportionately benefits wealthy NH households manchesterinklink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manchesterinklink.com Daily Mail and Mail on Sunday newspapers.
In 2021, the Legislature enacted a phaseout plan for the Interest and Dividends Tax, which is collected from a percentage of income generated by wealth, that would eliminate the tax by 2027. This change will result in less state revenue for public services.
It is critical that individuals who are forming New Hampshire LLCs, whether these are single-member or multimember LLCs, be aware of the federal and New Hampshire.