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Saturday, September 28, 2024

New Hampshire’s license tax revenue up 39.5 percent in Q1 since the previous quarter

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New Hampshire collected $106 million in license 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 39.5 percent increase over the previous quarter when license tax revenue was $76 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.

Overall, New Hampshire collected $1 billion in combined tax revenues during the first quarter of 2021.

Q1 New Hampshire Tax Collections

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

Source: U.S. Census Bureau

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