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.

Making Ends Meet

New Hampshire’s economy has, for the most part, recovered from the Great Recession, yet far too many working families still struggle to make ends meet.

Data Viz

These posts feature interactive data and insights to improve public understanding of fiscal and economic trends important to New Hampshire.  

Recent Publications:

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 Testimony Regarding Senate Bills to Reduce NH Business Taxes

January 20, 2015 State Tax Policy
NH quarters

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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Common Cents Blog

Homeowner Property Tax Rebate: Time to Apply, Time to Improve

2 May 2016

tree with coins

Late last week, the Department of Revenue Administration (DRA) announced that the application period for New Hampshire’s Low- and Moderate-Income Homeowners Property Tax Relief Program opened May 1. Anyone who is interested in applying – or who would like to help a friend, family member, or client apply – can obtain the necessary forms from DRA’s website. Applications must be submitted by June 30. As critical as those rebates can be to individuals and families struggling to make ends meet, the program today is quite modest, both in comparison to other states and in relation to its former size.

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