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State Tax

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 Revenue and the State Budget September 10, 2019 The State Budget represents New Hampshire’s funding priorities for public investment in education, health care, public safety, housing, conservation and preservation, roads and bridges, and a range of services to Granite State residents and businesses. To support these investments, policymakers must determine methods for raising revenue and project the amount of revenue available over the ...
  • Funding the State Budget: Recent Trends in Business Taxes and Other Revenue Sources May 22, 2019 Understanding recent revenue trends is key to accurately projecting the amount of revenue expected over the next two State fiscal years and maintaining a balanced State Budget. Revenue projections are especially difficult to make accurately this year, given recent abnormal behavior in receipts from the State’s two primary business taxes, which have driven most revenue ...
  • 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 ...

 

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Common Cents Blog

Initiatives Aim to Increase Rural Access to Broadband Internet Services

2 Jul 2020

tree with coins

Broadband internet availability and use is uneven between rural and urban areas of New Hampshire. A lack of key broadband infrastructure connecting many homes in rural regions has resulted in increased connection challenges that have been exacerbated by the COVID-19 crisis. The crisis has required individuals and families to transition many activities from face-to-face interactions to virtual communication, and has increased the necessity of reliable broadband internet services among Granite Staters. Key legislation recently passed by the New Hampshire Legislature, new state level initiatives, and federal investments may aid in expanding broadband internet services to underserved areas of the state, and help ensure more Granite Staters will be online at sufficient broadband speeds in the future.

NHFPI Seventh Annual Conference

NHFPI Annual Conference