Bill Text: NH HR12 | 2015 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Affirming revenue estimates for fiscal years 2015, 2016, and 2017.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-11-18 - Died on the Table [HR12 Detail]

Download: New_Hampshire-2015-HR12-Introduced.html

HR 12 - AS INTRODUCED

2015 SESSION

15-1028

03/09

HOUSE RESOLUTION 12

A RESOLUTION affirming revenue estimates for fiscal years 2015, 2016, and 2017.

SPONSORS: Rep. Major, Rock 14

COMMITTEE:

ANALYSIS

This house resolution affirms revenue estimates for fiscal years 2015, 2016, and 2017.

15-1028

03/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

A RESOLUTION affirming revenue estimates for fiscal years 2015, 2016, and 2017.

Whereas, the House Ways and Means Committee has considered what the unrestricted revenue estimates should be for fiscal years 2015, 2016, 2017 and has presented those estimates to the House of Representatives; now, therefore, be it

Resolved by the House of Representatives:

That the House wishes to go on record as affirming the following revenue estimates for fiscal years 2015, 2016, and 2017.

Committee estimates are based on current law and economic conditions. Committee estimates will be updated in March, April, May and June to reflect current conditions and economic forecasts.

FY 2015 FY 2016 FY 2017

GEN’L & EDUCATION

TRUST FUND: Official Committee Committee Committee

(Dollars in Millions) Estimate Estimate Estimate Estimate

Business Profits Tax $340.500 $321.580 $328.000 $334.179

Business Enterprise Tax 227.700 214.420 218.700 222.821

Subtotal 568.200 536.000 546.700 557.000

Meals & Rooms Tax 265.200 273.800 287.500 300.400

Tobacco Tax 208.600 215.150 214.200 213.000

Liquor Sales 136.000 136.900 141.400 146.300

Interest & Dividends Tax 98.000 81.500 81.500 81.500

Insurance Tax* 109.500 115.100 116.800 104.300

Communications Tax 62.500 60.000 61.500 63.000

Real Estate Transfer Tax 102.200 114.850 113.400 118.000

Court Fines & Fees 13.000 13.500 13.800 13.800

Securities Revenue 37.600 41.800 42.200 42.800

Utility Consumption Tax 6.000 6.000 6.000 6.000

Beer Tax 13.200 13.400 13.400 13.400

Other 70.300 69.100 69.800 70.200

Lottery Transfers 77.300 77.100 73.200 75.200

Racing & Charitable Gaming 3.400 3.000 2.500 2.500

Tobacco Settlement 44.400 42.275 42.275 39.000

Utility Property Tax 35.400 42.500 41.300 41.800

Statewide Property Tax 363.600 363.400 363.100 363.100

Medicaid Recoveries 5.400 5.400 9.800 10.400

TOTAL GEN’L & EDUCATION

TRUST FUNDS $2,219.800 $2,210.775 $2,240.375 $2,261.700

*Insurance tax estimates do not include potential revenue associated with the implementation of step 2 of the New Hampshire Medicaid Care Management Program.

FY 2015 FY 2016 FY 2017

HIGHWAY FUNDS: Official Committee Committee Committee

(Dollars in Millions) Estimate Estimate Estimate Estimate

Road Toll $122.000 $121.800 $121.200 $120.600

Motor Vehicle Fees 109.900 110.000 106.300 112.900

Miscellaneous 15.000 15.000 1.300 0.900

TOTAL HIGHWAY FUNDS $246.900 $246.800 $228.800 $234.400

FY 2015 FY 2016 FY 2017

FISH AND GAME FUNDS: Official Committee Committee Committee

(Dollars in Millions) Estimate Estimate Estimate Estimate

Fish & Game Licenses $8.500 $8.500 $8.500 $8.500

Fines & Miscellaneous 1.600 2.500 1.800 1.800

TOTAL FISH & GAME FUNDS $10.100 $11.000 $10.300 $10.300

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