New Hampshire state revenue is about $57 million below projections mostly because hospitals in the state are using federal guidelines to determine their tax liability.
N.H. revenue $57 million off in November due to hospital taxes
Administrative Services Commissioner Linda Hodgdon said that hospital tax payments were $50 million less than expected in November. She said the state expects to get $9 million in hospital taxes next month, which could narrow the gap, but Hodgdon said the state's hospitals also have asked for refunds for past tax periods using the federal guidelines.
The hospitals had not questioned the state's guidelines until the budget enacted in June cut $250 million in payments to hospitals. Ten hospitals sued over the cuts.
Tobacco taxes also were $3.5 million below estimates in November.
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