NH tax collections $17M below estimates in January - WCAX.COM Local Vermont News, Weather and Sports-

NH tax collections $17M below estimates in January

Posted: Updated:

CONCORD, N.H. (AP) - New Hampshire's tax collections last month were $17 million less than expected and that doesn't include almost $14 million in refund requests.

Administrative Services Commissioner Linda Hodgdon said January was a disappointing month, especially for business tax collections. Still to be processed are requests for almost $13 million in refunds from businesses and $1 million from people who pay the state tax on interest and dividends.

Total revenues for the year lag $30 million behind projections largely due to unpaid hospital taxes.

The state taxes hospitals on net patient revenues. The hospitals did not question the guidelines used to determine what was taxable until the current budget was passed that cut state payments to hospitals. Ten hospitals are suing the state over the cuts.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2017 WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.