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Friday, November 22, 2024

Residents and visitors to New Hampshire paid $2.9 billion in taxes in 2018

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New Hampshire collected $2.9 billion in taxes in 2018, a 12.7 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($1 billion) and income taxes ($895.8 million).

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 cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

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

2018 New Hampshire Tax Collections
Type of TaxAmount
Property taxes$408,769,000
Sales and gross receipts taxes$1,025,902,000
License taxes$435,544,000
Income taxes$895,770,000
Other taxes$154,903,000
General sales and gross receipts taxes$0
Selective sales and gross receipts taxes$1,025,902,000
Alcoholic beverages sales tax$12,828,000
Amusements sales tax$530,000
Insurance premiums sales tax$111,972,000
Motor fuels sales tax$183,366,000
Pari-mutuels sales tax$539,000
Public utilities sales tax$48,987,000
Tobacco products sales tax$212,698,000
Other selective sales and gross receipts taxes$454,982,000
Alcoholic beverages license$17,991,000
Amusements license$365,000
Corporations in general license$67,236,000
Hunting and fishing license$11,899,000
Motor vehicle license$82,270,000
Motor vehicle operators license$8,508,000
Public utilities license$23,555,000
Occupation and business license, nec$216,120,000
Other license taxes$7,600,000
Individual income taxes$105,759,000
Corporations net income taxes$790,011,000
Death and gift taxes$0
Documentary and stock transfer taxes$154,903,000
Severance taxes$0
Taxes, nec$0

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