Granite State Times

New Hampshire collected $25 million in individual income taxes during the first quarter of 2023, a 127.3% increase over the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

The previous quarter's individual income tax revenue was $11 million.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest, and income from intangibles.

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.

Overall, New Hampshire collected $1.2 billion in combined tax revenues in the the first quarter of 2023, an increase from the $580 million collected in the previous quarter.

Type of Tax	Amount (millions)
Property Taxes	$265
Sales and Gross Receipts Taxes	$426
Individual Income Taxes	$25
Corporation Net Income Taxes	$173
License Taxes	$268
Other Taxes	$36

Source: U.S. Census Bureau