Bill > HB1636

This bill requires the New Hampshire Department of Revenue Administration (DRA) to conduct a comprehensive study on potential state revenue generation options by October 1, 2026. The study must include at least 5 distinct revenue options that could collectively raise at least $500,000,000 per fiscal year, aimed at meeting the state Supreme Court's "minimum conservative threshold" for base adequacy funding. For each revenue option, the department must provide a detailed analysis including a plain-language description of potential taxes, their rates and exemptions, estimated annual revenue yield, administrative and compliance assessment, legal considerations, and a comprehensive distributional impact analysis showing how the proposed revenue changes would affect households by income group and businesses by size and industry. The report must be submitted to various state legislative leaders and published publicly, with a requirement to use anonymized and aggregated data to protect taxpayer confidentiality. While the bill does not authorize new funding or positions, it acknowledges that the DRA may need to contract with external academic or professional entities to complete the required analysis, with estimated consulting costs ranging from $175,000 to $600,000. The bill will take effect immediately upon passage.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2231&inflect=2