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New Hampshire Schedule for Business Enterprise and Business Profits
Extracted from PDF file 2023-new-hampshire-form-dp-160.pdf, last modified July 2023Schedule for Business Enterprise and Business Profits
Print Form New Hampshire Department of Revenue Administration 2023 DP-160 Reset Form *0DP1602311862* 0DP1602311862 SCHEDULE OF CREDITS DO NOT COMPLETE FORM DP-160 IF THE ONLY CREDIT AVAILABLE IS THE BET CREDIT Business Organization Name Taxpayer Identification Number MMDDYYYY MMDDYYYY For the CALENDAR year 2023 or other taxable period beginning: and ending: APPLICATION OF CREDITS TO BET AND BPT A. BET Summary of Credits Round to the nearest whole dollar 1. Coos County Credit Part F, Line 3 1 2. ERZ Credit Part D, Line 4 2 3. ITC Part E, Line 4 3 4. Subtotal, Add Lines 1, 2 and 3 4 5. R&D Part C, Line 3 5 6. Education Tax Credit Part G, Line 3 6 7. Granite State Paid Family and Medical Leave Plan Tax Credit Part J, Line 2 7 8. Subtotal (Sum Lines 5 through 7) 8 9. Paid credits to apply to BET. Add Lines 4 and 8 (Enter on BET Return, Line 6) (BET Credit applicable to BPT, but only if the BET has been paid) 9 Round to the nearest whole dollar B. BPT Summary of Credits 1. R&D Part C, Line 2 1 2. ERZ Credit Part D, Line 3 2 3. ITC Part E, Line 3 3 4. Coos County Credit Part F, Line 4 4 5. Insurance Premium Tax Part H, Line 2 5 6. Education Tax Credit Part G, Line 2 6 7. BET credit (Line 3, Column B of BET Credit Worksheet) 7 8. CTE Centers Tax Credit (Part I, Line 2) 8 9. Credits applied to BPT Add Lines 1 through 8 (Apply to BPT forms if no BET carryover credit, if BET carryover credit complete Lines 10(a) through Line 10(i)) 9 DP-160 2023 Version 1 07/2023 Page 1 of 4 New Hampshire Department of Revenue Administration 2023 DP-160 *0DP1602321862* 0DP1602321862 SCHEDULE OF CREDITS - continued DO NOT COMPLETE FORM DP-160 IF THE ONLY CREDIT AVAILABLE IS THE BET CREDIT Business Organization Name Taxpayer Identification Number APPLICATION OF CREDITS TO BET AND BPT (continued) Round to the nearest whole dollar B. BPT Summary of Credits - continued 10. (a) Carryover BET from ninth prior taxable period (Line 4, Column B of BET Credit Worksheet) 10(a) (b) Carryover BET from eighth prior taxable period (Line 5, Column B of BET Credit Worksheet) 10(b) (c) Carryover BET from seventh prior taxable period (Line 6, Column B of BET Credit Worksheet) 10(c) (d) Carryover BET from sixth prior taxable period (Line 7, Column B of BET Credit Worksheet) 10(d) (e) Carryover BET from fifth prior taxable period (Line 8, Column B of BET Credit Worksheet) 10(e) (f) Carryover BET from fourth prior taxable period (Line 9, Column B of BET Credit Worksheet) 10(f) (g) Carryover BET from third prior taxable period (Line 10, Column B of BET Credit Worksheet) 10(g) (h) Carryover BET from second prior taxable period (Line 11, Column B of BET Credit Worksheet) 10(h) (i) Carryover BET from first prior taxable period (Line 12, Column B of BET Credit Worksheet) 10(i) (j) Total BET credit carryover (Sum Lines 10(a) through 10(i)) 10(j) 11. Line 9 plus Line 10(j). Not to exceed current period BPT liability. (Enter on BPT Return, Line 20(b) NH-1120-WE, Line 13(b) all other forms) 11 Round to the nearest whole dollar C. Research and Development Credit 1. R&D credit available 1 2. R&D must be used against the BPT first 2 3. Unused R&D applied to BET 3 4. Total credit used this year (Sum Lines 2 and 3) 4 5. R&D credit not applied and available for offset in future (Line 1 less Line 4) 5 DP-160 2023 Version 1 07/2023 Page 2 of 4 New Hampshire Department of Revenue Administration 2023 DP-160 *0DP1602331862* 0DP1602331862 SCHEDULE OF CREDITS - continued DO NOT COMPLETE FORM DP-160 IF THE ONLY CREDIT AVAILABLE IS THE BET CREDIT Taxpayer Identification Number Business Organization Name Round to the nearest whole dollar D. Economic Revitalization Zone Tax Credit (ERZ) 1. ERZ credit available 1 2. Carryover credit from a prior year, use earliest first 2 3. ERZ credit must be used against the BPT first 3 4. Amount elected to be applied to the BET 4 5. Total credit used this year (Sum Lines 3 and 4). This amount cannot exceed $40,000. 5 6. ERZ credit available for carry forward (Line 1 plus Line 2 less Line 5) 6 Round to the nearest whole dollar E. CDFA - New Investment Tax Credit (ITC) 1. ITC Credit Available 1 2. Carryover credit from a prior year, use earliest year first 2 3. Amount used for BPT 3 4. Amount used for BET 4 5. Amount used for Insurance Premium Tax 5 6. Total credit used this year (Sum Lines 3, 4 and 5) 6 7. ITC available for carry forward (Sum Lines 1 and 2, less Line 6) 7 F. Coos County Tax Credit Round to the nearest whole dollar 1. Coos County Tax Credit available 1 2. Carryover credit from prior year, use earliest year first 2 3. Amount applied against the BET 3 4. Unused credit applied to the BPT 4 5. Total credit used this year (Sum Line 3 and 4) 5 6. Any unused credit must be carried forward as a priority to other credits (Sum Lines 1 and 2, less Line 5) 6 DP-160 2023 Version 1 07/2023 Page 3 of 4 New Hampshire Department of Revenue Administration 2023 DP-160 *0DP1602341862* 0DP1602341862 SCHEDULE OF CREDITS - continued DO NOT COMPLETE FORM DP-160 IF THE ONLY CREDIT AVAILABLE IS THE BET CREDIT Taxpayer Identification Number Business Organization Name G. Education Tax Credit Round to the nearest whole dollar 1. Education Tax Credit available 1 2. Amount used for BPT 2 3. Amount used for BET 3 4. Amount used for New Hampshire Interest and Dividends Tax 4 5. Total credit used this year (Sum Lines 2 through 4) 5 6. Education Tax Credit available for carry forward (Line 1 minus Line 5) 6 Round to the nearest whole dollar H. Insurance Premium Tax Credit 1. Insurance Credit available 1 2. Amount used for BPT 2 I. CTE Centers Tax Credit Round to the nearest whole dollar 1. CTE Centers Tax Credit available 1 2. Amount used for BPT (Shall not exceed 25% of BPT before credits) 2 Round to the nearest whole dollar J. Granite State Paid Family and Medical Leave Plan Tax Credit 1. Premium paid for family and medical leave insurance coverage offered to employees (see instructions) 1 2. Granite State Paid Family and Medical Leave Plan tax credit used for BET (50% of Line 1) 2 DP-160 2023 Version 1 07/2023 Page 4 of 4
DP-160
More about the New Hampshire Form DP-160 Corporate Income Tax Tax Credit TY 2023
We last updated the Schedule for Business Enterprise and Business Profits in February 2024, so this is the latest version of Form DP-160, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DP-160 directly from TaxFormFinder. You can print other New Hampshire tax forms here.
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TaxFormFinder has an additional 51 New Hampshire income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| NH-1040 Instructions | Proprietorship or Jointly Owned Property Business |
| Form DP-200 | Request for Department Identification Number (DIN) |
| DP-10-Inst | Interest and Dividends Instructions |
| Form DP-80 | Business Profits Tax Apportionment Schedule |
| DP-80 Instructions | Business Profits Tax Apportionment Schedule Instru |
View all 52 New Hampshire Income Tax Forms
Form Sources:
New Hampshire usually releases forms for the current tax year between January and April. We last updated New Hampshire Form DP-160 from the Department of Revenue Administration in February 2024.
Form DP-160 is a New Hampshire Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New Hampshire Form DP-160
We have a total of nine past-year versions of Form DP-160 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2020 Form DP-160
dp-160-2020.pdf
2019 Form DP-160
dp-160-2019.pdf
2016 Form DP-160
dp-160-2015v1-1.pdf
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