NH HB1480

Increases New Hampshire's meals and rooms tax rate from 8.5% to 9.0% on room rentals, taxable meals over $1.00, and motor vehicle rentals

Estimated to generate approximately $20.9 million in additional state revenue in FY 2027 and $28 million annually in FY 2028 and beyond (based on FY 2025 data)

Revenue split between the General Fund and Education Trust Fund, with 30% of meals and rooms tax revenue distributed to municipalities through the M&R Municipal Revenue Fund

Municipal distributions would increase by an estimated $6.2 million in FY 2028 and $8.3 million in FY 2029 and beyond due to the higher tax rate

Takes effect 60 days after passage