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Saturday, November 23, 2024

Q1 2023: New Hampshire's combined tax revenues up 105.5% since Q4 2022

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Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

Lindsey M. Stepp, Commissioner of Revenue | New Hampshire Department of Revenue Administration

New Hampshire collected $1.2 billion in total tax revenues during the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through alcoholic beverages sales tax ($426 million) and alcoholic beverages license ($268 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q1 2023 New Hampshire Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$426
License Taxes$268
Property Taxes$265
Income Taxes$198
Other Taxes$36

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