New Hampshire

 
 

The facts on New Hampshire’s Tax Climate

New Hampshire's Individual Income Tax System
New Hampshire's personal income tax system consists of a flat rate of 5%, which applies to interest and dividend income only. That rate ranks 20th lowest among states levying an individual income tax. New Hampshire's income tax collections per person were $63 in 2010 which ranked 8th lowest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita

New Hampshire's Corporate Income Tax System
New Hampshire's corporate income tax system consists of a flat rate of 8.5%. That rate ranks 12th highest among states levying an corporate income tax. New Hampshire's corporate tax collections per person were $380 in 2010 which ranked 3rd highest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita

New Hampshire Sales and Excise Taxes
New Hampshire levies a 0% general sales or use tax on consumers, which is below the national median of 6%. New Hampshire's state and local governments collect $0 per person in general sales taxes and $609 per person in excise taxes, for a combined figure of $609, which ranks 4th lowest nationally. New Hampshire's gasoline tax stands at 19.6¢ (10th lowest nationally), while its cigarette tax stands at $1.68 (18th highest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita

New Hampshire Property Tax Collections Relatively High
New Hampshire's state and local governments collected approximately $2463 per person in property taxes, which ranks 4th highest nationally.
State and local property tax collections per capita by state

Tax Freedom Day Arrives on April 15th in New Hampshire

Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, New Hampshire taxpayers worked until April 15th (20th latest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Vermont, April 14th (ranked 25th latest nationally); Maine, April 8th (ranked 13th earliest nationally); and Massachusetts, April 25th (ranked 4th latest nationally).

Full study of Tax Freedom Day, nationwide and in each state

New Hampshire's State and Local Tax Burden Below National Average

New Hampshire's 2010 tax burden of 8.11% ranks 7th lowest out of 50 states, and is below the national average of 9.9%. New Hampshire's taxpayers pay $3717 per capita in state and local taxes.
New Hampshire's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009

New Hampshire's 2013 Business Tax Climate Index Ranks 7

New Hampshire ranks 7th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Vermont, 47th, Maine, 30th, and Massachusetts, 22nd.
50-State Comparison of Business Tax Climates (data only)
2013 State Business Tax Climate Index (full study)

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