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:

Testimony Regarding BET and Tipped Wages

May 14, 2013 State Tax Policy
NH state quarters

I am here today to voice opposition to Amendment 2013-1668s, which seeks to reduce the taxes owed by businesses that employ wait staff and other workers that receive some of their pay in the form of tips. As proposed, the amendment would make the struggle to finance public services vital to New Hampshire’s economic health that much more difficult. Furthermore, the amendment may establish a double standard in the treatment of tips under law. Finally, the amendment would undermine the basic purpose of the BET, eating away at its base and compromising the stability it brings to New Hampshire’s tax system. Consequently, I urge the Committee to reject the amendment.

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Testimony Before Senate Finance on State Budget

May 9, 2013 Health Policy, Research
Family outdoors

I am here to express support for the provisions of the FY 2014-2015 budget that would enable New Hampshire to receive hundreds of millions of dollars in federal Medicaid funds and to reduce the number of Granite Staters who currently lack affordable health insurance coverage.

New Hampshire can extend coverage to 40 percent more people and do it with no net cost to the state, as long as managed care goes forward and the state takes advantage of offsetting savings in other areas. The even better news is that there is the potential for the state to achieve net savings if all savings targets and revenue projections hold.

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House Finance Committee’s Proposed FY 2014-2015 Budget

April 2, 2013 State Budget
NH flag

Like the plan offered by Gov. Hassan earlier this year, the FY 2014-2015 budget the House of Representatives will consider this week begins to undo some of the damage wrought by several years of spending cuts. The principal difference between the two budgets centers around casino gambling. In total, the House would spend $187 million or 4.2 percent more than what New Hampshire is expected to spend in the current biennium, but it is approximately $54 million lower than the General and Education Fund appropriations recommended by the Governor and does not include $80 million in potential licensing fees from gambling.

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Common Cents Blog

Court Rulings Focus New Attention on MET and Its Role in State Finances

16 Apr 2014

tree with coins

On April 8, the Hillsborough County Superior Court, in response to a lawsuit brought by three New Hampshire hospitals, declared the state’s Medicaid Enhancement Tax (MET) to be unconstitutional. The ruling comes on the heels of a similar decision handed down in February by the Rockingham County Superior Court in a case involving two rehabilitation hospitals operating in the Granite State. While the Attorney General’s office announced that it will likely appeal this most recent ruling – just as it did with the earlier decision – the situation is likely to prompt policymakers to consider possible responses.

NHFPI Policy Conference

   
 
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