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Saturday, September 28, 2024

New Hampshire's combined tax revenues down 23.1 percent from Q2 to Q3 2021

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New Hampshire collected $700 million combined tax revenues and income taxes during the third 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 ($304 million) and motor fuels sales tax ($242 million).

This is a 23.1 percent decrease from the previous quarter when $910 million 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.

Q3 New Hampshire Tax Collections
Type of TaxAmount (millions)
Property Taxes$8
Sales and Gross Receipts Taxes$242
Income Taxes$304
License Taxes$99
Other Taxes$47
Source: U.S. Census Bureau

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