New Hampshire's Virtual Town Hall

LLC tax

Information

Should LLCs be forced to pay the state's interest and dividends tax?

Members: 3
Latest Activity: Mar 1

As of June 2009, New Hampshire based LLC owners became subject to the state's 5% interest and dividends Tax. The new tax was proposed by the Department of Revenue Administration and passed by the Legislature as part of the state budget .

Opponents fear the new tax law will drive small businesses out of the state. They're also upset because the law was passed without a public hearing.

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Discussion Forum

LLC - limiting liability is evidently a desired benefit granted by the State 3 Replies

As I consider the question posed here, I go back to the abbreviation - "LLC" - Limited Liability Company. The State of NH, through its LLC law, gives the "members" or owners of an LLC a protection or…

Tagged: partnership, tax, corporation, liability, limited

Started by Doug Hall. Last reply by Gerald W, Brooks Mar 1.

Lawmakers ready to ax LLC tax

"The state’s controversial new tax on owners and investors in limited liability companies could disappear by its one-year anniversary. Gov. John Lynch and top leaders in the state Legislature have p…

Tagged: LLC tax

Started by LFDA Editor Feb 25.

Bill proposes rolling back LLC tax

"The bill sponsored by a group of Republican and Democratic Senate and House members would repeal an extension of the 5 percent interest and dividends tax that passed last summer. The change was made…

Tagged: LLC tax

Started by LFDA Editor Feb 17.

Sen. Hassan defends LLC tax

"Many businesses in the Seacoast have spoken out against the LLC tax, calling it unconstitutional and saying it will drive businesses out of the state. The tax is intended to place businesses that op…

Tagged: LLC Tax

Started by LFDA Editor Feb 2.