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Saturday, September 28, 2024

New Hampshire’s combined tax revenues up 6.5 percent in Q1 since the same quarter of the previous year

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New Hampshire collected $1 billion in income, license, miscellaneous other, property and sales and gross receipts taxes during the first quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 6.5 percent increase over the same quarter the previous year when combined tax revenues were $978 million.

The majority of the state’s tax revenue was collected through property taxes ($366 million) and sales and gross receipts taxes ($317 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Q1 New Hampshire Tax Collections

Type of TaxAmount (in millions of dollars)
Income Taxes$213
License Taxes$106
Other Taxes$38
Property Taxes$366
Sales and Gross Receipts Taxes$317

Source: U.S. Census Bureau

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