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
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 benefits individuals and households with high incomes while significantly reducing revenues available for public services. Revenue projections included in the Governor’s budget proposal and estimates from the New Hampshire Department of Revenue Administration (DRA) suggest ...
New Hampshire State Revenues and the Economy
Presented by Phil Sletten, Research Director at the New Hampshire Fiscal Policy Institute, to the New Hampshire House of Representatives ...
How Public Services are Funded 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 of the New Hampshire ...