New Hampshire's combined tax revenues down 24.5% from Q1 to Q2 2022

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

By Granite State Times

Jul 2, 2022

Combined tax revenues in New Hampshire decreased 24.5% in the second quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, New Hampshire collected $783 million in taxes during the second quarter of 2022, compared to $1 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($376 million) and alcoholic beverages sales tax ($186 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.

Q2 New Hampshire Tax Collections