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:

NHFPI Testimony Regarding Senate Bills to Reduce NH Business Taxes

January 20, 2015 State Tax Policy
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On Tuesday, January 20, NHFPI Executive Director Jeff McLynch testified before the New Hampshire Senate Ways and Means Committee to express concerns about both SB 1, reducing the business profits tax (BPT) rate, and SB 2, reducing the business enterprise tax (BET) rate. SB 1, taken in combination with its companion measure, SB 2, would ultimately and permanently reduce state revenue by $78 million on a biennial basis. Given the fiscal challenges now before New Hampshire, tax cuts of this magnitude would endanger the public services on which residents and business rely and curtail the sorts of investments critical to a brighter economic future for all.

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New Hampshire’s Tax System Asks Far Less of the Wealthy than of the Poor

January 14, 2015 State Tax Policy
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More than five years after the end of the Great Recession, many Granite Staters are still struggling. The typical household’s income has yet to recover the ground it lost during the economic downturn, while wages for individuals and families at the bottom of the income distribution are still where they were two decades ago. In fact, a new report shows that, on average, the wealthiest families in New Hampshire pay an effective state and local tax rate that is less than one-third of the rate faced by families just trying to make ends meet.

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Striking a Balance: Financial Contributions and Access to Care in the New Hampshire Health Protection Program

August 21, 2014 Health Policy
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The State of New Hampshire recently opened coverage for the New Hampshire Health Protection Program, the state’s public health insurance program for low-income adults. Policy makers are now building the framework for the Premium Assistance Program, which will provide coverage through commercial insurance carriers in the federal Marketplace starting in 2016. Whether to require financial contributions, such as premium payments or cost sharing, from enrollees is a question that requires careful analysis.

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Common Cents Blog

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

29 Jan 2016

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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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