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 Revenues Provide Mixed Results in July, Continuing Trends from Prior Fiscal Year
Key New Hampshire State revenue collections in July relied on interest on State cash holdings to generate a small surplus and revenue growth from the same month last year. Several important tax revenue sources that the State has relied on for revenue growth in recent years remained behind both State Budget expectations and last year’s ...
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. ...
Granite Staters with Lowest Incomes Have Highest Effective State and Local Tax Rate
Combined state and local taxes in New Hampshire require residents with lower incomes to pay a larger percentage of their ...