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.
Policymakers in the State Capitol will focus on allocating resources in the next State Budget during the next several months. The State Budget provides funds for a wide variety of programs and services, including health and education, road and bridge maintenance, and public protection for both people and the natural environment. Understanding the State Budget, ...
This second edition of New Hampshire Policy Points provides an overview of the Granite State and the people who call New Hampshire home. It focuses in on some of the issues that are most important to supporting thriving lives and livelihoods for New Hampshire’s residents. Moreover, the book addresses areas of key policy investments that will help ...
About the Business Enterprise Tax The Business Enterprise Tax (BET), which is based on the compensation businesses pay to employees as well as interest and dividends paid, has faced a ...
Presented by Phil Sletten, Research Director, and Jess Williams, Policy Analyst to the Joint Economic Briefing hosted by the New Hampshire House of Representatives Ways and Means Committee and the ...
First published in Ink Link, January 10, 2025 New Hampshire State revenues in December fell short of their target for two key funds by a combined $20.4 million (6.6 percent), ...