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.

New Hampshire Health Protection Program

The New Hampshire Health Protection Program enables the state to leverage federal Medicaid dollars to expand access to affordable health insurance to low-income residents.

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:

The House Finance Committee’s Proposed FY 2016-2017 Budget

March 30, 2015 State Budget
New Hampshire State House

Constrained by state revenues that have failed to rebound since the national recession and a refusal to consider options to bolster them in a meaningful and sustainable fashion, the version of the fiscal year 2016-2017 budget approved by the House Finance Committee would provide significantly fewer resources for an array of public services than the budget recommended by Governor Hassan in February. Compared to the Governor’s plan, the budget the full House of Representatives will consider this week would reduce investments in physical infrastructure, higher education, and other areas critical to New Hampshire’s economic future and would imperil services designed to protect the most vulnerable residents of the Granite State.

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NHFPI Testimony Before the House Finance Committee Regarding FY 2016-2017 State Budget

March 5, 2015 State Budget
New Hampshire State House

On March 5, NHFPI Executive Director Jeff McLynch provided testimony regarding the FY 2016-2017 state budget at a public hearing held before the House Finance Committee. His testimony expressed support for two key elements of Gov. Hassan’s FY 2016-2017 budget proposal. First, the proposal acknowledges the chief source of New Hampshire’s fiscal challenges – the failure of its revenue system to recover from the last recession – and offers multiple recommendations to begin to address it. Second, the proposal extends the New Hampshire Health Protection Program beyond 2016, providing greater certainty for Granite State workers, health care providers, and others, while maintaining fiscal protections originally included in the legislation creating the program.

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Supermajority Requirement to Increase Taxes at Odds With Sound Fiscal Policy

January 29, 2015 State Tax Policy
Founding fathers-2

The New Hampshire House of Representatives will soon consider a measure, CACR 1, to amend the state’s constitution to require that an increase in any existing tax or license fee or the creation of a new tax or license fee be approved by three-fifths of both chambers of the legislature. In each of the past two legislatures, the House rejected attempts to amend New Hampshire’s constitution in this way. Those decisions were well founded, for such constraints not only are at odds with sound fiscal policy, but also erode New Hampshire’s democratic institutions.

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NHFPI Policy Conference

NHFPI Policy Conference

Common Cents Blog

Reauthorization of Health Protection Program Would Bring Nearly $870 Million into State Economy

29 Jan 2016

tree with coins

Under current law, the New Hampshire Health Protection Program, which provides 47,000 people across the state with access to affordable health insurance, will be terminated at the end of 2016 in the absence of legislative action. Should the program be allowed to expire, not only would thousands of hard-working Granite Staters find it impossible to pay for health care coverage, but the state would forego the hundreds of millions of dollars in federal matching funds that the program now attracts.

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