Excise Taxes: Difference between revisions
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Liquor and Spirits are not taxed but can only be purchased in state-run alcoholic beverage companies. | Liquor and Spirits are not taxed but can only be purchased in state-run alcoholic beverage companies. | ||
Alcohol tax revenue is estimated at [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 5.0%] of State Yearly Revenue. | |||
===Cigarettes, E-Cigarettes, and Tobacco=== | ===Cigarettes, E-Cigarettes, and Tobacco=== | ||
Nicotine and nicotine-related sales incur a special excise tax upon purchase. These also apply to cigars. These taxes are: | Nicotine and nicotine-related sales incur a special excise tax upon purchase. These also apply to cigars. These taxes are: | ||
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<li>The tax rate for open system e-cigarettes is [https://www.revenue.nh.gov/faq/tobacco.htm#rate 8.0%] of the wholesale sales price of the container of liquid or other substance containing nicotine.</li> | <li>The tax rate for open system e-cigarettes is [https://www.revenue.nh.gov/faq/tobacco.htm#rate 8.0%] of the wholesale sales price of the container of liquid or other substance containing nicotine.</li> | ||
<li>The tax rate for all other tobacco products (OTP), except premium cigars, is [https://www.revenue.nh.gov/faq/tobacco.htm#rate 65.03%] of the wholesale sales price.</li> | <li>The tax rate for all other tobacco products (OTP), except premium cigars, is [https://www.revenue.nh.gov/faq/tobacco.htm#rate 65.03%] of the wholesale sales price.</li> | ||
Tobacco tax revenue & settlement revenue is estimated at [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 8.0%] of State Yearly Revenue. | |||
==Miscellaneous Excise Taxes & other Miscellaneous Taxes== | ==Miscellaneous Excise Taxes & other Miscellaneous Taxes== | ||
New Hampshire has several other small, unnoticed taxes. | New Hampshire has several other small, often unnoticed taxes. Some are much larger than others. | ||
===Communication Services Tax=== | ===Communication Services Tax=== | ||
The Communication Services Tax is a [ | The Communication Services Tax is a [http://www.gencourt.state.nh.us/rsa/html/V/82-A/82-A-4.htm 7.0% tax applied to all two-way Communications Services]. This amounts to an average of [http://www.tax-rates.org/new_hampshire/excise-tax#GeneralExciseTaxes $8.18 per bill per consumer], and is estimated at [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 1.0% or less] of the State's Yearly Revenue. | ||
===Car Registration Taxes and Fees=== | ===Car Registration Taxes and Fees=== | ||
The state levies a small tax when registering your vehicles for the year under [http://www.gencourt.state.nh.us/rsa/html/XXI/261/261-141.htm RSA 261]. The general case for the majority of vehicles is: | The state levies a small tax when registering your vehicles for the year under [http://www.gencourt.state.nh.us/rsa/html/XXI/261/261-141.htm RSA 261]. The general case for the majority of vehicles is: | ||
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===Real Estate Transfer Tax=== | ===Real Estate Transfer Tax=== | ||
The New Hampshire Real Estate Transfer tax is levied on sales of property at a rate of [https://www.revenue.nh.gov/faq/real-estate-transfer.htm#what $.75 per $100 of the transfer]. | The New Hampshire Real Estate Transfer tax is levied on sales of property at a rate of [https://www.revenue.nh.gov/faq/real-estate-transfer.htm#what $.75 per $100 of the transfer]. This accounts for approximately [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 7.0%] of the State's yearly revenue. | ||
===Insurance Taxes=== | |||
The Insurance tax is equal to 1.25% of premiums on policies that insure risks within the State. The tax also applies to certain nonprofit health insurers and dental insurers. Between 2007 and 2010, the tax went from 2.0% to 1.25% in 0.25% increments. | |||
The Insurance Taxes are estimated to account for up to [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 4.0%] of State Revenue. | |||
===Meals, Room, and Rentals Taxes=== | |||
New Hampshire levies an 8.5% tax on Meals at restaurants and hotels; hotel rooms; and also vehicle rentals. | |||
These taxes, all together, are estimated to account for up to [https://www.nh.gov/transparentnh/where-the-money-comes-from/index.htm 10.0%] of State Revenue. | |||
===Medicaid Enhancement Tax=== | |||
New Hampshire currently levies a [https://www.revenue.nh.gov/taxes-glance/medicaid-enhancement-tax 5.4%] Tax on hospital charges. This is not generally seen the patients' bills but instead is reflected in the total price. | |||
===Nursing Facility Quality Assessment Tax=== | |||
New Hampshire currently levies a [https://www.revenue.nh.gov/taxes-glance/nursing-facility-quality-assessment 5.5%] Tax on nursing facility charges. This is not generally seen the patients' bills but instead is reflected in the total price. | |||
===Firearm Taxes=== | ===Firearm Taxes=== | ||
New Hampshire has no firearm related sales taxes or special excise taxes as it has no [[Sales Taxes]]. Unfortunately, federal excise taxes and fees on firearms and ammunition do still apply. | New Hampshire has no firearm related sales taxes or special excise taxes as it has no [[Sales Taxes]]. Unfortunately, federal excise taxes and fees on firearms and ammunition do still apply. | ||
Latest revision as of 23:12, 16 November 2024
Though New Hampshire lacks most major taxes that take a chunk out of ones wallet, New Hampshire has a few "Excise Taxes" that haven't yet been repealed. Until such a time as they are, this page documents those that exist.
Fuel Taxes
Fuel in New Hampshire currently includes the Excise and Tax Fees in the total price at the pump. Gas is currently taxed at the same rate regardless of the type of fuel. Please see the following table:
| Gasoline | Diesel | Gasohol | |
|---|---|---|---|
| Excise | $0.222/gal | $0.222/gal | $0.222/gal |
| Tax Fee | $0.016/gal | $0.016/gal | $0.016/gal |
| Total | $0.238/gal | $0.238/gal | $0.238/gal |
Sin Taxes
What we generally refer to as "Sin Taxes" are a type of Excise tax within New Hampshire.
Alcohol
Wine is not taxed. Beer is taxed at a statewide rate of $0.30/gallon on top of a federal excise rate when applicable. These rates will generally be baked into the total price tag and the business is responsible for paying these collected fees to the state and federal governments.
Liquor and Spirits are not taxed but can only be purchased in state-run alcoholic beverage companies.
Alcohol tax revenue is estimated at 5.0% of State Yearly Revenue.
Cigarettes, E-Cigarettes, and Tobacco
Nicotine and nicotine-related sales incur a special excise tax upon purchase. These also apply to cigars. These taxes are:
Tobacco tax revenue & settlement revenue is estimated at 8.0% of State Yearly Revenue.
Miscellaneous Excise Taxes & other Miscellaneous Taxes
New Hampshire has several other small, often unnoticed taxes. Some are much larger than others.
Communication Services Tax
The Communication Services Tax is a 7.0% tax applied to all two-way Communications Services. This amounts to an average of $8.18 per bill per consumer, and is estimated at 1.0% or less of the State's Yearly Revenue.
Car Registration Taxes and Fees
The state levies a small tax when registering your vehicles for the year under RSA 261. The general case for the majority of vehicles is:
| Weight Class | |
|---|---|
| 0-3000 lbs | $31.20 |
| 3001-5000 lbs | $43.20 |
| 5001-8000 lbs | $55.20 |
| 8001-73280 lbs | $0.96/100 lbs |
For other vehicles, such as agricultural vehicles or antique motorcycles, the registration fees are listed in RSA 261.
Real Estate Transfer Tax
The New Hampshire Real Estate Transfer tax is levied on sales of property at a rate of $.75 per $100 of the transfer. This accounts for approximately 7.0% of the State's yearly revenue.
Insurance Taxes
The Insurance tax is equal to 1.25% of premiums on policies that insure risks within the State. The tax also applies to certain nonprofit health insurers and dental insurers. Between 2007 and 2010, the tax went from 2.0% to 1.25% in 0.25% increments.
The Insurance Taxes are estimated to account for up to 4.0% of State Revenue.
Meals, Room, and Rentals Taxes
New Hampshire levies an 8.5% tax on Meals at restaurants and hotels; hotel rooms; and also vehicle rentals.
These taxes, all together, are estimated to account for up to 10.0% of State Revenue.
Medicaid Enhancement Tax
New Hampshire currently levies a 5.4% Tax on hospital charges. This is not generally seen the patients' bills but instead is reflected in the total price.
Nursing Facility Quality Assessment Tax
New Hampshire currently levies a 5.5% Tax on nursing facility charges. This is not generally seen the patients' bills but instead is reflected in the total price.
Firearm Taxes
New Hampshire has no firearm related sales taxes or special excise taxes as it has no Sales Taxes. Unfortunately, federal excise taxes and fees on firearms and ammunition do still apply.
