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.

 

Study: Proposed Business Enterprise Tax Cut Would Reduce New Hampshire State Revenue by $26 Million Per Year

Study finds most businesses would see minimal savings under proposed BET rate reduction, with limited evidence of job growth impacts  CONCORD, N.H. — A proposed reduction to New Hampshire’s Business Enterprise Tax (BET) would have reduced state revenue by more than $26 million per year this budget cycle while providing tax savings too small for most businesses to expand hiring, according to a ...

Webinar: Examining New Hampshire’s Business Enterprise Tax

Thank you to everyone who joined the New Hampshire Fiscal Policy Institute on February 2, 2026 for our data-driven discussion of New Hampshire’s Business Enterprise Tax (BET). At the event, NHFPI Research Director Phil Sletten and NHFPI Executive Director Gene Martin examined who benefits from proposed BET rate reductions, how much state revenue is at ...

December State Revenues Benefit from One-Time Tax Amnesty Program

State revenue collections in December, a key month for State revenues, offered both good news for the State’s overall financial picture and more cautionary signs for underlying revenue strength. The New Hampshire General Fund and Education Trust Fund collected a combined $339.1 million in revenue in December, or $42.1 million (14.2 percent) more than planned. ...