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
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. In fiscal year 2021, New Hampshire raised about 31 percent of total tax revenue through corporate income taxes, while the next highest state was New Jersey, with about 14 percent of tax revenue coming from ...
Households with High Incomes Disproportionately Benefit from Interest and Dividends Tax Repeal
New analyses of the elimination of New Hampshire’s Interest and Dividends Tax show that the reduction in tax revenue disproportionately ...
Low and Moderate Income Homeowners Property Tax Relief Program Open for Applications Until June 30
The Low and Moderate Income Homeowners Property Tax Relief program provides rebates to eligible taxpayers who submit applications by the ...
The New Hampshire Economy and State Revenues
Presented by Phil Sletten, Research Director at the New Hampshire Fiscal Policy Institute, to a meeting of the New Hampshire ...