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.
Latest Updates
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 ...
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 ...
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 ...
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