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NH state quartersTo some, taxes are a means to an end, representing the bills that are due for services ranging from the judicial system to environmental protections, or, in Oliver Wendell Holmes’ formulation, “the price we pay for a civilized society.”  To others, taxes are a policy end unto themselves, as they offer policymakers another tool to try to employ in efforts to enhance economic security or to promote economic development.

NHFPI seeks to improve public understanding of New Hampshire’s tax system, its role in financing state expenditures, the impact it has on families and individuals at different income levels, and the influence it may or may not have upon personal and business decisions.


Latest State Tax Publications

  • Business Tax Rate Reductions Add to Uncertain Revenue Picture January 16, 2018 At the start of the 2018 Legislative Session, several bills were filed that would likely reduce New Hampshire’s available revenue. When considering changes to revenues, policymakers should be cognizant of the revenue shortfall risks the State presently faces. As of December, revenues are meeting the monthly plan based on estimates set forth by the Legislature ...
  • Revenue in Review: An Overview of New Hampshire’s Tax System and Major Revenue Sources May 24, 2017 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.
  • New Hampshire’s Revenue Problem Persists; Business Tax Rate Reductions Would Impede Full Recovery July 27, 2015 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 ...
  • April Revenue Collections Welcome News for FY 2016-2017 Budget Deliberations May 6, 2015 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 ...
  • Supermajority Requirement to Increase Taxes at Odds With Sound Fiscal Policy January 29, 2015 The New Hampshire House of Representatives will soon consider a measure, CACR 1, to amend the state’s constitution to require that an increase in any existing tax or license fee or the creation of a new tax or license fee be approved by three-fifths of both chambers of the legislature. In each of the past ...


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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.