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Revenue in Review: An Overview of New Hampshire’s Tax System and Major Revenue Sources

May 24, 2017 State Tax Policy
NH state quarters

New Hampshire’s revenue system is relatively unique in the United States, as it lacks broad-based income and sales taxes and instead relies on a diversity of more narrowly-based taxes, fees, and other revenue sources to fund public services. This system presents both advantages and disadvantages to stable, adequate, and sustainable revenue generation.

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New Hampshire’s Revenue Problem Persists; Business Tax Rate Reductions Would Impede Full Recovery

July 27, 2015 State Tax Policy
NH state quarters

New Hampshire’s ongoing budget debate hinges, in part, on current and future revenues, yet collections continue to fall short of pre-recession levels and appear unlikely to recover fully in the immediate future. Preliminary data from the Department of Administrative Services suggest that, while General and Education Fund revenue is poised to exceed initial expectations for fiscal year 2015, it will likely remain some $250 million less in FY 2015 than it was in FY 2008, after taking inflation into account. Furthermore, proposed reductions in the rates of the business profits and business enterprise taxes would help to perpetuate this revenue problem.

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April Revenue Collections Welcome News for FY 2016-2017 Budget Deliberations

May 6, 2015 State Tax Policy
NH state quarters

In putting together New Hampshire’s budget every two years, policymakers pass a number of important milestones, such as the submission of the Governor’s initial spending plan in February and public hearings in both the House and the Senate in the spring. Among the most critical of these milestones is the announcement of revenue collections for the month of April. The April numbers are important as they provide greater insight into likely revenue totals for the current fiscal year and, by extension, what the state might reasonably expect to take in during the coming biennium.

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Pending Federal Proposals Would Reduce SNAP Benefits, Including Enrollment of Households with Children

25 Oct 2019

tree with coins

The Supplemental Nutrition Assistance Program (SNAP), known as the New Hampshire Food Stamp Program in the Granite State, helps families and individuals with lower-incomes put food on the table. Eligibility for SNAP is based on gross and net income, assets, household size, and other factors. Additionally, a large portion of SNAP eligibility is dependent on meeting certain work requirements. In September 2019, 73,671 Granite Staters were enrolled in SNAP, including 28,361 children. About one in nine children in New Hampshire receive SNAP benefits, based on these most recent data. Enrolled older adults and individuals with disabilities also rely on SNAP for food assistance.