New Hampshire Authorization to increase bonded indebtedness

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Multi-State
Control #:
US-CC-6-102
Format:
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This is a multi-state form covering the subject matter of the title.
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FAQ

New Hampshire does not tax individuals' earned income, so you are not required to file an individual New Hampshire tax return. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).

StateDebt in billion U.S. dollarsCalifornia541.24New York383.55Texas324.96Illinois165.469 more rows ? 5 days ago

In the fiscal year of 2019, the state of New Hampshire had state debt totaling 7.79 billion U.S. dollars. However, the local government debt was much lower at 2.69 billion U.S. dollars.

New Hampshire's combined state and local general revenues were $13.8 billion in FY 2021, or $9,919 per capita. National per capita general revenues were $12,277. New Hampshire does not levy a general sales tax or individual income tax.

New Hampshire only has $4.4 billion of assets available to pay bills totaling $5.9 billion. Because New Hampshire doesn't have enough money to pay its bills, it has a -$1.6 billion financial hole. To fill it, each New Hampshire taxpayer would have to send -$2,800 to the state.

Interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income.

(a) Form DP-10, interest and dividends tax return, shall be completed and filed by taxpayers subject to the interest and dividends tax to report their income to the department on the 15th day of the 4th month following the end of the taxable period.

All business organizations, including Limited Liability Companies (LLC), taxed as a partnership federally must file Form NH-1065 return provided they have conducted business activity in New Hampshire and their gross business income from everywhere is in excess of $92,000.

All domestic business partnerships headquartered in the United States must file Form 1065 each year, including general partnerships, limited partnerships, and limited liability companies (LLCs) classified as partnerships with at least two members.

The business profits tax is imposed on any enterprise, whether corporation, partnership, limited liability company, proprietorship, association, business trust, real estate trust, or other form of organization organized for gain or profit and carrying on any business in New Hampshire.

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New Hampshire Authorization to increase bonded indebtedness