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New Hampshire is long known for having no broad-based personal income tax, but the interest and dividends tax was the last income-based tax on the books. ... cutting the rate from 5% to 4% in 2023 ...
The interest and dividends tax is a state tax on distributions, dividends, and interest income often accrued from investments.
New Hampshire – The accelerated phase-out of a tax on dividends and interest completed at the start of 2025. [15] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax. [16]
Sununu opposes New Hampshire's 5% tax on dividends and interest income. [47] After his 2020 reelection, he called for newly elected Republican majorities in the New Hampshire House and Senate to pass a law phasing out this tax by 2026, saying that it unfairly targets senior citizens living off of these types of income and their retirement ...
The revenue payment essentially worked as a loan to the government, which paid interest on it. Although this scheme was a profitable enterprise for the government as well as the publicani , it was later replaced by a direct tax system by the emperor Augustus ; after which, each province was obliged to pay 1% tax on wealth and a flat rate on ...
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The department dates to 1837, when Isaac Hill, the state's 16th governor, approved the state's first bank commissioners. [1] Since 1925, the department has been led by a single commissioner, [ 1 ] authorized under New Hampshire Revised Statutes Annotated (NH RSA) Chapter 383. [ 4 ]
Charles W. Morse (born October 11, 1960) is an American politician who served as president of the New Hampshire Senate and was acting governor of New Hampshire in 2017. [1] Morse represented New Hampshire's 22nd State Senate district from 2010 to 2022, having previously held the same office from 2002 to 2006.