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Lost Business Tax Revenue Could Solve Budget Shortfall

Summary by indepthnh.org
By GARRY RAYNO, InDepthNH.org CONCORD — A new study by the New Hampshire Fiscal Policy Institute finds business tax rate reductions have cost the state between $795 million and $1.17 billion in forgone revenue since 2015 without the often promised bump in revenue due to increased economic activity. Instead New Hampshire’s business tax growth lagged the national average, the New England average and both Maine and Vermont over the period from 2015…

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NH Business Review broke the news in on Tuesday, April 1, 2025.
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