New Hampshire Could Become the Ninth Income Tax-Free State

New Hampshire is often mislabeled as a state with no income tax, as it does not impose a state tax on income received from wages or salaries. But, the state does levy a tax on another form of income, interest and dividends. The New Hampshire Senate recently passed a bill, SB 404, which would phase out the state tax on interest and dividends over the next five years. The elimination of the tax would relieve New Hampshire residents who receive income from interest and dividends, and would classify the state as truly having no income tax. | Keep Reading at the Tax Foundation

About Steve Mac Donald

Husband, Dad, Dog Lover, Blogger, (sometimes) Radio Co-Host, Free Speech Facilitator, Climate Denier, Gun Owner, info-junkie, ...
This entry was posted in New Hampshire News, taxes and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s