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.
The U.S. House of Representatives passed the latest budget reconciliation bill, referred to as the One Big Beautiful Bill Act (OBBBA), on the morning of Thursday, May 22. Changes were made to the bill up until the final day of passage, including a 42-page amendment Wednesday evening. As a result, many provisions of the OBBBA ...
Business taxes comprise more than a third of New Hampshire’s state tax revenue, making New Hampshire more reliant on corporate tax revenue than any other state. But when business profits drop or tax reductions are passed, the impacts may be felt by Granite Staters through reduced public services or higher property taxes. Today, the New ...
Business taxes comprise more than a third of New Hampshire’s state tax revenue, making New Hampshire more reliant on corporate tax revenue than any other state. But when business profits drop or tax reductions are passed, the impacts may be felt by Granite Staters through reduced public services or higher property taxes. Today, the New ...
On Wednesday, May 7, the Senate Ways and Means Committee developed revenue projections for the next State Budget biennium. The Committee forecast that more money would be available than the ...
State revenues in April, the most important month for revenues on the calendar, followed similar patterns to revenues for most of the fiscal year thus far: underwhelming and short of ...
In the latest episode of New Hampshire Uncharted, host Gene Martin sits down with New Hampshire Department of Revenue Administration Commissioner Lindsey Stepp and NHFPI Research Director Phil Sletten to ...