Revenue & Tax
Revenue is essential to funding the priorities of the state and supporting vital public services. State and local revenue in New Hampshire stems primarily from taxes, and each resident, visitor, and employer has a vital role in generating the resources required to maintain essential systems and meet the needs of Granite Staters.
Property taxes are the primary revenue source for local governments, while the largest tax revenue sources for the State are taxes on business profits and compensation, restaurant meals and hotel room rentals, tobacco sales, real estate transactions, insurance premiums, motor fuels, and other economic activity. State revenue also comes from sales by State-operated enterprises selling liquor and lottery tickets.
NHFPI seeks to improve public understanding of New Hampshire’s revenue system, its role in financing state expenditures, and the impact it has on families and individuals at different income levels.
Featured Resources
Federal Policymakers Will Consider Tax Changes Benefitting Higher-Income Granite Staters in 2025
Federal lawmakers will face several key fiscal policy deadlines in 2025. These deadlines include, but are not limited to, the federal government’s debt limit taking effect in January 2025; the end of the current spending caps on the federal government’s annual budget in September 2025; the sunsetting of enhanced health care marketplace subsidies, which provided ...
November State Revenue Falls Behind Planned Levels Amid Declining Business Tax Receipts and Lower Interest Payments
State revenues slipped further behind expectations in November as key sources the State had been relying on for revenue growth ...
Funding Public Services in New Hampshire at the State and Local Levels
Presented by Phil Sletten, Research Director at the New Hampshire Fiscal Policy Institute, to a class administered by the New ...
State Business Tax Rate Reductions Led to Between $496 Million and $729 Million Less for Public Services
The State of New Hampshire relies on corporate taxes for a greater percentage of tax revenue than any other state. ...