State outlines the taxability of COVID-19 financial relief

CONCORD — The New Hampshire Department of Revenue Administration is helping taxpayers understand the taxability of relief distributed to New Hampshire Business Profits Tax and Business Enterprise Tax taxpayers as a result of the COVID-19 pandemic.

“More than 20 federal and state financial relief programs have helped businesses to continue operating under unprecedented circumstances,” said N.H. DRA Commissioner Lindsey Stepp. “This continues to be a challenging time and we are committed to supporting our taxpayers as they navigate how these funds will be taxed and how to anticipate future financial obligations.”

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