An Overview of New Hampshire’s Tax System

A look at some of the trends in tax collections over the past decade with a brief description of each of the state’s eight major sources of tax revenue — highlighting some of the characteristics that can help guide policymakers in devising a response to the fiscal challenges now before New Hampshire.

Extending Medicaid

Under the Affordable Care Act, New Hampshire has the opportunity to accept federal funds to extend Medicaid to more NH families — improving the health of New Hampshire workers and taking pressure off employers, private insurance and medical providers. Visit here for regularly updated links and information.

Strengthening New Hampshire’s Minimum Wage

Raising the minimum wage is one way New Hampshire can start to build an economy that works for everyone.

Business Taxes in New Hampshire: Where Do They Stand? How Much Do They Matter?

Some of the current proposals to reduce business taxes ignore facts about N.H.’s tax structure and, more generally, about the impact taxes have on economic activity. Here’s an overview to help put things in perspective.

Recent Publications:

Long Since Due: An Increase in New Hampshire’s Minimum Wage

March 12, 2014 State Economy
NH Minimum Wage Worker statistics

Due to legislative inaction and the corrosive effects of inflation, New Hampshire’s current minimum wage comes up short in a number of ways. It trails behind the rest of New England, stands below prior levels in terms of real purchasing power, and leaves workers struggling to get by. Accordingly, raising the minimum wage and ensuring it is adjusted for the cost of living in future years would help families make ends meet, boost sales at local businesses, and put New Hampshire on a path towards an economy that works for everyone.

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NHFPI Testimony Regarding Proposed Business Tax Cuts

March 4, 2014 Research, State Tax Policy
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Legislation now before the New Hampshire Senate (SB 420) would permanently reduce the combined yield of the Business Profits Tax and the Business Enterprise Tax by as much as $39 million on a biennial basis. It would do so even though business taxes in New Hampshire are already quite low relative to other states, state revenue collections still have yet to recover from the Great Recession, and the loss of such revenue would likely impede New Hampshire’s ability to invest in the public services on which both residents and businesses rely. NHFPI Executive Director Jeff McLynch testified on the proposed legislation before the Senate Ways and Means Committee on March 4.

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NHFPI Testifies in Support of Increase to NH Minimum Wage

February 11, 2014 Research, State Economy
Construction workers

The New Hampshire Fiscal Policy Institute (NHFPI) today joined New Hampshire legislators, small business owners, and a broad coalition of statewide organizations in voicing support for an increase to New Hampshire’s minimum wage, currently $7.25 an hour and the lowest in New England. NHFPI Executive Director Jeff McLynch provided testimony …

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Common Cents Blog

High Cost of Living States Adopting Higher Minimum Wages

24 Apr 2014

tree with coins

Over the past several months, five states – Connecticut, Delaware, Maryland, Minnesota, and West Virginia – have enacted legislation to increase their minimum wages. By 2016, half of the states and the District of Columbia will have minimum wages above the current federal standard of $7.25 per hour. Those states that have – or will have – minimum wages in excess of the federal level tend to have something in common: a relatively high cost of living.

NHFPI Policy Conference

   
 
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