New Hampshire Tax Structure
New Hampshire has the lowest state tax burden in the country.
New Hampshire's incentives include:
- No general sales or use tax
- No general
personal earned income tax
- No capital
gains tax
- No inventory tax
- No property tax on machinery or equipment.
- One of the lowest unemployment insurance rates in the country.
The
Internet contains a very useful summary of New Hampshire tax information.
Business Taxes
Every business
organization engaged in business activity in the state of New Hampshire is required
to file a Business Profits Tax return. The tax rate is 8.5% of the net business
income apportioned to New Hampshire. Detailed information regarding business
taxes is found on the New
Hampshire S.C.O.R.E. website.
Personal Taxes
Residents enjoy the lowest tax burden in the entire country.
For specifics, see the New
Hampshire Resources for Residents website.
Maine Tax Structure
Sales Tax
There is a 5% sales tax on
retail sales of tangible personal property
Business Taxes
Corporate
income tax rates range from 3.5% to 8.93%. Corporate income tax is levied
on all profit-oriented C corporations subject to federal income tax and having
nexus with Maine, with the exception of financial institutions subject to the
franchise tax and insurance companies subject to the premium tax. Detailed
information regarding business taxes is found on the Maine
state website .
Personal Taxes
Maine does have a personal income tax. For specifics on
Maine personal taxes, see the Maine
Resources for Residents.
Mission Statement: To enhance our communities by fostering the formation of new business and attracting businesses to relocate to the area, with a commitment to help them diversify, prosper and enhance their sustainability while preserving the regions natural beauty.
