2018 New Hampshire Advantage Index
Aug 28, 2018
Granite
Institute Launches First Annual New Hampshire Advantage Index
The New Hampshire Advantage
Index is the first and only index that measures the tax differentials between
New Hampshire and the rest of New England and New York
CONCORD — Today,
the Granite Institute releases the first annual New Hampshire Advantage Index. The
term “New Hampshire Advantage” has been used as a short-hand way of saying that
the Live Free or Die state is the only state with the combination of no state
and local individual income tax, no state and local sales tax, and no estate
tax. Despite its small size, in terms of geography and population, New
Hampshire has been able to sustain one of the strongest economies in New
England and the country.
However,
until now, there has been no way to quantify and track the New Hampshire
Advantage. Tax policy is constantly on the move as states jockey for a
competitive advantage or, to the chagrin of taxpayers, seek to raise more
revenue. This leaves those hoping to preserve and extend the New Hampshire
Advantage without a roadmap to guide them.
In
response, the Granite Institute has created the New Hampshire Advantage Index
which is the first and only index that measures the tax differentials between
New Hampshire and the rest of New England and New York. Put simply, the Index
works like a thermometer, the higher the value then the greater the Advantage.
In the
2018 Index, the New Hampshire Advantage has increased by 28 percent between
1983 (the earliest year of comparable state data) and 2018 (the latest year of
comparable state data) moving from a value of 40.0 to 51.2. While good news,
New Hampshire can’t rest as the Index has slipped since the peak in 2005/2006
as neighboring states have worked to make their tax codes more competitive.
“I have
studied the economic benefits of New Hampshire’s tax advantage for nearly a
decade, but there has never been a simple way to illustrate that advantage”
said Granite Institute CEO and author of the study J. Scott Moody. “For the
first time, the New Hampshire Advantage Index provides state policymakers with
the roadmap to preserve and extend the New Hampshire Advantage.”
Formed in 2011, the Granite
Institute is a nonprofit, nonpartisan research and educational organization
based in Concord.
For more information, visit GraniteInstitute.org. To schedule an interview, contact J. Scott Moody at 603-728-8257 or jsmoody@graniteinstitute.org
About The Author
J. Scott Moody

J. Scott Moody has worked as a Public Policy Economist for over 18 years. He is the author, co-author and editor of 180 studies and books.
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Tag Cloud
- Estate Tax (1)
- Private Sector Share of Personal Income (2)
- Medicaid (2)
- Daniel Schneider (1)
- Family Prosperity Initiative (1)
- Maine (2)
- Personal Income (2)
- Jody Underwood (1)
- J. Scott Moody (1)
- ACU Foundation (1)
- Wealth Effect (1)
- Ovide Lamontagne (1)
- Heroin (1)
- Educational Choice (2)
- EdChoice (1)
- SB 193 (1)
- Income Tax (3)
- Sales Tax (3)
- Right-to-Work (3)
- School Choice (1)
- Education Savings Account (2)
- New Hampshire Advantage (2)
- Town Tuitioning (1)
- ESA (1)
- NH Advantage (1)
- Demographic Winter (1)