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Saturday, September 28, 2024

New Hampshire's combined tax revenues down 12.5 percent from Q1 to Q2 2021

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New Hampshire collected $910 million combined tax revenues and income taxes during the second quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, individual income taxes ($527 million) and motor fuels sales tax ($190 million).

This is a 12.5 percent decrease from the previous quarter when $1 billion was reported.

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.

Q2 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$14
Sales and Gross Receipts Taxes$190
Income Taxes$527
License Taxes$130
Other Taxes$49
Source: U.S. Census Bureau

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