Quantcast

Granite State Times

Friday, May 17, 2024

Q3 2023: New Hampshire's combined tax revenues down 27.1% since Q2 2023

Webp 8gyqb4qmob5s630zes6c9gnhvouu

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 $825 million in total tax revenues during the third 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 ($353 million) and income taxes ($296 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.

Q3 2023 New Hampshire Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$353
Income Taxes$296
License Taxes$104
Other Taxes$55
Property Taxes$11

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

MORE NEWS