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Saturday, November 23, 2024

New Hampshire collected 12.2% less in pari-mutuels sales tax in 2022

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Of the $3.5 billion in taxes collected by New Hampshire in 2022, $497,000 came from pari-mutuels sales tax, a 12.2 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

New Hampshire collected $566,000 in pari-mutuels sales tax in 2021.

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

New Hampshire Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Motor fuels sales tax$180,010,000$117,200,000
Other license taxes$39,929,000$2,499,000
Alcoholic beverages license$5,613,000$19,030,000
Occupation and business license, NEC$250,192,000$226,668,000
Amusements license$328,000$325,000
Individual income taxes$153,620,000$148,648,000
Hunting and fishing license$12,726,000$12,900,000
Insurance premiums sales tax$136,733,000$138,900,000
Pari-mutuels sales tax$497,000$566,000
Corporations in general license$84,348,000$80,162,000
Corporations net income taxes$1,213,000,000$1,009,975,000
Amusements sales tax$24,323,000$17,936,000
Motor vehicle operators license$15,201,000$10,200,000
Other selective sales and gross receipts taxes$390,142,000$400,137,000
Documentarty and stock transfer taxes$235,385,000$202,700,000
Selective sales and gross receipts taxes$943,410,000$977,640,000
Public utilities license$20,912,000$26,485,000
Tobacco products sales tax$182,626,000$251,000,000
Motor vehicle license$116,455,000$94,400,000
Public utilities sales tax$29,079,000$38,200,000
Source: U.S. Census Bureau

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