Where the Money from the NH Tax Shift Plan Would Go

   Amount to be Raised by an Income Tax @3.75%   $1,222,000,000
   Administration of Tax    $30,000,000
   Repeal Statewide Property Tax    $363,000,000
   Repeal Utility Property Tax    $41,000,000
   Repeal Interest and Dividends Tax    $88,740,000
   Repeal Business Enterprise Tax    $267,800,000
   Lower Business Profits Tax to 4%    $212,664,000
   Earned Income Tax Credit    $47,263,000
   Retirement Contribution    $150,000,000
   General Fund    $21,532,000

 

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