HR 11 – AS INTRODUCED
2011 SESSION
09/01
HOUSE RESOLUTION 11
A RESOLUTION affirming revenue estimates for fiscal years 2011, 2012, and 2013.
SPONSORS: Rep. Bettencourt, Rock 4; Rep. Stepanek, Hills 6; Rep. Weyler, Rock 8
This house resolution affirms revenue estimates for fiscal years 2011, 2012, and 2013.
11-1071
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
A RESOLUTION affirming revenue estimates for fiscal years 2011, 2012, and 2013.
Whereas, the House Ways and Means Committee has considered what the unrestricted revenue estimates should be for fiscal years 2011, 2012, 2013 and has presented those estimates to the House of Representatives; and
Whereas, the House Ways and Means Committee strongly supports the Liquor Commission’s capital budget request to renovate the Hooksett North and South stores which is estimated by the Commission to generate approximately $4,400,000 in additional revenue above the estimates affirmed below; and
Whereas, the House Ways and Means Committee strongly believes the repeal of the gambling winnings tax will have a significant positive impact on the revenue estimates affirmed below; now, therefore, be it
Resolved by the House of Representatives:
I. That the House shall not adopt an operating budget for the state effective during the upcoming biennium that spends more than the total of these estimates, which total is $4,423,600,000.00, less the sum of $1,606,000.00 resulting from the estimated consequences of the reduction or elimination for the upcoming biennium of the taxes and fees listed below, for a total maximum state budget combined general fund and education trust fund spending of $4,421,994,000.00 in the upcoming biennium; and
That the following taxes and fees shall be reduced or eliminated, resulting in the estimated net reduction in the available state general fund and education trust fund revenues available during the upcoming biennium referenced above.
II. That the House wishes to go on record as affirming the following revenue estimates for fiscal years 2011, 2012, and 2013.
Committee estimates are based on current rates.
FY 2011 FY 2012 FY 2013
GEN’L & EDUCATION
TRUST FUND: Official Committee Committee Committee
(Dollars in Millions) Estimate Estimate Estimate Estimate
Business Profits Tax $313.300 $308.317 $314.555 $323.944
Business Enterprise Tax 189.700 186.683 190.445 196.056
SUBTOTAL 503.000 495.000 505.000 520.000
Meals & Rooms Tax 245.000 234.000 229.200 234.300
Tobacco Tax 220.600 228.000 221.000 214.400
Liquor Sales 127.900 126.800 130.300 135.000
FY 2011 FY 2012 FY 2013
Interest & Dividends Tax 90.100 83.700 85.400 87.100
Insurance Tax 80.500 80.500 86.100 86.800
Communications Tax 75.000 79.400 80.200 81.000
Real Estate Transfer Tax 89.200 78.000 79.600 81.200
Court Fines & Fees 13.200 13.600 13.600 13.600
Securities Revenue 34.000 34.300 35.100 35.900
Utility Consumption Tax 6.000 6.000 6.000 6.000
Board & Care Revenue 20.200 20.200 20.500 21.000
Beer Tax 12.800 13.100 13.100 13.100
Racing & Games of Chance 2.900 2.300 2.300 2.400
Other 67.800 68.700 69.100 68.700
Gambling Winnings Tax 3.400 3.400 3.400 3.400
Tobacco Settlement Funds 44.200 42.200 42.400 42.400
SUBTOTAL $1,635.800 $1,609.200 $1,622.300 $1,646.300
Medicaid Enhancement Tax 108.500 91.400 97.000 104.800
Medicaid Recoveries 19.200 22.100 17.400 18.300
Lottery Transfers to Education 77.700 66.200 66.200 67.500
Bingo Lucky 7 Transfers to Education 1.300 1.300 0.900 0.900
Utility Property Tax 28.000 28.000 28.000 28.000
Statewide Property Tax 363.600 363.000 363.000 363.000
TOTAL GEN'L & ED
TRUST FUNDS $2,234.100 $2,181.200 $2,194.800 $2,228.800
HIGHWAY FUNDS: Official Committee Committee Committee
(Dollars in Millions) Estimate Estimate Estimate Estimate
Road Toll $126.500 $124.500 $124.500 $124.500
Motor Vehicle Fees 134.800 129.500 108.300 108.300
Miscellaneous 19.800 40.800 24.500 23.500
TOTAL HIGHWAY FUNDS $281.100 $294.800 $257.300 $256.300
FISH & GAME FUNDS:
(Dollars in Millions) _________________
Fish & Game Licenses $9.100 $8.200 $8.200 $8.200
Fines & Miscellaneous 2.200 2.200 1.900 1.900
TOTAL FISH & GAME FUNDS $11.300 $10.400 $10.100 $10.100
FY 2012 FY 2013
LESS TAX OR FEE REDUCTIONS (GEN’L & EDUCATION TRUST FUNDS):
(Dollars in Millions) _________________
Repeal Meals and Rooms $5 renewal fee $0.030 $0.000
Reduce inspection sticker fee by 30 percent $0.350 $0.350
Repeal condominium and land sales application fee $0.070 $0.070
Repeal 10 percent tax on gambling winnings * *
*The repeal of 10 percent tax on gambling winnings is estimated to be revenue neutral based upon information from Lottery Commission.
Reduce pet store license fee increase $0.003 $0.003
Reduce marriage license fees from $50 to $45 $0.015 $0.015
Repeal fee increase for initial copies of vital records $0.350 $0.350
TOTAL TAX OR FEE REDUCTIONS (GEN’L & ED TRUST FUNDS) $0.818 $0.788