Quote:
Originally Posted by John Mercier
You would.
You would pay the BET and deduct it from the BPT.
The NH DRA has a 2022 BET Credit Worksheet.
It deducts from the BPT owed the amount paid in BET.
The math in essence means that you would pay just the full amount of BPT.
If your BET was $100,000 and your BPT was $110,000.
You would pay BET of $100,000 and BPT of $10,000 totaling the $110,000
The higher sum.
If you paid both (no credits) the total would be $210,000
If your BET is $110,000 and your BPT is $100,000 then you pay $110,000 (Full Credit for the BPT); and carry over your BET credit for future years (up to eight in total). You still would not pay $210,000 - just the $110,000 of the higher BET.
|
NH DRA has changed all this for future payments:
The
BET is now the
DAT, and
BPT is now the
GON.
When your
DAT is $110,000 and your
GON is $100,000 then you pay $110,000 (Full Credit for the
DAT); and carry over your
DAT credit for future years (up to eight in total). You still would not pay $210,000 - just the $110,000 of the higher
DAT. So now for 2023, the $110,000 is
GON.
I'll bet you didn't know of
DAT.
