Significant Revenue Surplus Largely Generated by Business Taxes in Federally-Boosted Economy

State revenues have grown substantially since the sharp decline associated with the early days of the pandemic. As of the end of April 2022, the unrestricted revenue surplus over the State Budget’s revenue plan was $382.2 million, 16.0 percent higher than planned. Revenue surpluses have been generated by higher-than-anticipated revenues from the State’s two primary ...

Newly Expanded Low and Moderate Income Homeowners Property Tax Relief Program Open for Applications

The Low and Moderate Income Homeowners Property Tax Relief program is a rebate program operated by the New Hampshire Department of Revenue Administration that provides a relatively small amount of property tax relief to homeowners with limited incomes. Applicants have until June 30, 2022 to apply for a rebate, and may file an application or ...

Worsening Housing Shortage Reduces Access to Affordable Homes in New Hampshire

New Hampshire’s shortage of available housing units has contributed to rapid price increases in the state since the beginning of the pandemic. The prices for single-family homes have provided the most readily-available indications of a shortage of housing in recent months, but pre-pandemic data also indicated a very constrained housing market, with nearly half of ...

Proposed Business Profits Tax Reduction Benefits Limited for All But The Most Profitable Businesses

The New Hampshire House of Representatives has proposed an additional reduction in the Business Profits Tax (BPT) rate, which would provide little or no tax reduction to most businesses filing BPT returns, and only provide substantial reductions to a small number of businesses with very high profits. Past analysis suggests prior reductions in New Hampshire’s ...

The American Rescue Plan Act and New Hampshire: Recent and Updated Resources

**Please visit our current ARPA Resource page for the following and additional resources** The federal American Rescue Plan Act (ARPA), which was signed into law on March 11, 2021, was designed to provide direct support to individuals and families, as well as state and local governments, to address the pandemic’s health and economic impacts. NHFPI ...