Tag: Tax Foundation

NH Climbs State Business Tax Climate Ladder

October 22, 2019

by Steve MacDonald

New Hampshire climbed one spot in the annual Tax Foundation report on State Business Tax Climate, from seventh overall to sixth in the nation. Though property taxes, unemployment taxes, and corporate taxes (still) bog us down, our lack of a personal income tax and sales tax keep us in the top ten. The employer tax … Read more

New Hampshire’s “Crumbs” – Federal Tax Reform Produces “Abnormal Rise” in Business Tax Revenue

September 26, 2018May 12, 2018

by Steve MacDonald

This week the New Hampshire Fiscal Policy Institute (NHFPI) issued some analysis on the “abnormal rise” in New Hampshire Business tax revenue. Their conclusion? It is likely due to Federal Tax Reform.

As of the end of April, the BPT and BET together are about $90.8 million (16.9 percent) above plan for the year, and $107.0 million (20.6 percent) above April 2017. Although these two business taxes have been the primary source of the surplus during the year, the post-TCJA rise has dwarfed other revenue sources, even those that are major contributors.

Notice us up there, in the upper right corner?

September 26, 2018November 1, 2012

Below is a map showing the “business tax climate” in all 50 states. The worst such states are in dark blue. The best states are shown in white. Notice that there’s not one “small business friendly” state in the entire northeast? Other than New Hampshire, that is! And notice that four of the worst 10 states for small business are … Read more