Home » State Tax Policy » Recent Articles:

New Hampshire’s Tax System Asks Far Less of the Wealthy than of the Poor

January 14, 2015 State Tax Policy
NH quarters

More than five years after the end of the Great Recession, many Granite Staters are still struggling. The typical household’s income has yet to recover the ground it lost during the economic downturn, while wages for individuals and families at the bottom of the income distribution are still where they were two decades ago. In fact, a new report shows that, on average, the wealthiest families in New Hampshire pay an effective state and local tax rate that is less than one-third of the rate faced by families just trying to make ends meet.

... Continue Reading

Testimony Regarding BET and Tipped Wages

May 14, 2013 State Tax Policy
NH state quarters

I am here today to voice opposition to Amendment 2013-1668s, which seeks to reduce the taxes owed by businesses that employ wait staff and other workers that receive some of their pay in the form of tips. As proposed, the amendment would make the struggle to finance public services vital to New Hampshire’s economic health that much more difficult. Furthermore, the amendment may establish a double standard in the treatment of tips under law. Finally, the amendment would undermine the basic purpose of the BET, eating away at its base and compromising the stability it brings to New Hampshire’s tax system. Consequently, I urge the Committee to reject the amendment.

... Continue Reading

Exempting Internet Access from Taxation Would Increase Fiscal Stress

April 25, 2012 State Tax Policy
NH state quarters

A proposal before lawmakers to exempt Internet access from New Hampshire’s Communications Services Tax could reduce state revenue by as much as $12 million annually.

Like the tobacco tax cut, this reduction was never accounted for in the state budget. As NHFPI’s latest Issue Brief explains, the proposal would therefore add to the fiscal stress New Hampshire faces now and in the future. More to the point, it could force policymakers to make further cuts to areas such as higher education and health care.

... Continue Reading

Connect with NHFPI

NHFPI’s 5th Annual Policy Conference

NHFPI Policy Conference

Common Cents Blog

Unplanned Business Tax Revenues Bolster Surplus, Prompt Questions

7 Mar 2018

tree with coins

The size of the State’s surplus continues to climb as a result of February’s revenues, with receipts from the two primary business taxes providing almost all of the boost while most other sources underperformed. The State collected $105.9 million in February, $15.5 million (17.1 percent) more than the $90.4 million projected by the State revenue plan. Business tax receipts were $19.9 million (189.5 percent) higher than plan, which anticipated only $10.5 million for the month.