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New Hampshire 3
Department of BET CREDIT
Revenue Administration WORKSHEET
BET CREDIT WORKSHEET INSTRUCTIONS
The worksheet must be completed if the taxpayer is using carry forward BET credits from prior taxable periods. In no case can the
BET credit used exceed the Business Profits Tax (BPT) liability. BET must be paid to be used as a credit against BPT.
The current year BET paid shall be used as a credit against the current year BPT liability before BET credits from prior taxable periods
may be used. If, after current year credits have been applied, a current year BPT liability still remains, prior taxable periods' BET
credits may be applied using the oldest allowable BET credits first.
1. Determine your BPT liability and enter that amount on Line 1 of the BET CREDIT WORKSHEET.
2. Enter on Lines 3 through 12 , Column A all available BET credits, including those credits applied against BET that are
considered taxes paid from Line 4 of DP-160, Part A.
3. Enter on Lines 3 through 12 , Column B, the amounts of BET credits applied against this taxable period's BPT liability.
Work from Line 3 down.
4. Enter on Lines 3 through 12 , Column C, the difference between the amounts reported in Column A and the amounts
used as a credit against BPT reported in Column B. The total of Column C is excess and can be carried forward to another
year.
Note: Any unused portion of BET credits applied under RSA 77-A:5, X from taxable periods ending on or after December 31, 2014
may be carried forward and allowed against the business profits tax due for 10 taxable periods from the taxable period in which the
tax was paid. Unused credits in taxable periods ending before December 31, 2014 remain at a 5 year carry forward.
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