How Business Taxes Impact NH’s Budget—and You
Business taxes comprise more than a third of New Hampshire’s state tax revenue, making New Hampshire more reliant on corporate tax revenue than any other state. When business profits drop or tax reductions are passed, the impacts may be felt by Granite Staters through reduced public services or higher property taxes. Our new new explainer video breaks down the role New Hampshire’s business taxes have in the State Budget, why they matter for funding things like schools and roads, and which types of businesses are likely to be paying the most.