Combined tax revenues in New Hampshire increased 67.2% in the first quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Overall, New Hampshire collected $1.1 billion in taxes during the first quarter of 2024, compared to $658 million in the previous quarter.
The majority of the state’s tax revenue was collected through property taxes ($369 million) and alcoholic beverages sales tax ($334 million).
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | $369 |
| Sales and Gross Receipts Taxes | $334 |
| Income Taxes | $233 |
| License Taxes | $118 |
| Other Taxes | $36 |
Source: U.S. Census Bureau
