2003 SESSION

03-1207

01/09

HOUSE RESOLUTION 12

ANALYSIS

This house resolution affirms certain revenue estimates for fiscal years 2003, 2004 and 2005.

03-1207

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

Whereas, the House Ways and Means Committee has considered what the unrestricted revenue estimates should be for fiscal years 2003, 2004 and 2005 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 2003, 2004 and 2005.

Committee estimates are based on current rates.

(A) (B) (C) (D)

FY 2003 FY 2004 FY 2005

GEN'L & ED TRUST FUNDS: Official Committee Committee Committee

(Dollars in Millions) Estimate Estimate Estimate Estimate

Business Profits Tax $267.600 $242.500 $226.100 $232.900

Business Enterprise Tax 162.000 149.000 174.200 178.500

Subtotal 429.600 391.500 400.300 411.400

Meals & Rooms Tax 193.400 176.500 183.600 191.800

Liquor Sales 96.500 102.000 107.100 112.500

Interest & Dividends Tax 79.000 70.300 71.700 73.900

Insurance Tax 63.000 79.200 84.600 89.000

Tobacco Tax 85.000 90.600 90.600 90.600

Other 46.000 49.500 51.200 53.700

Communications Tax 70.900 63.400 65.600 67.900

Estate & Legacy Tax 54.800 55.000 19.400 11.400

Real Estate Transfer Tax 102.500 122.500 122.600 127.500

Court Fines & Fees 24.400 23.200 23.300 23.300

Utility Tax 5.500 5.900 6.000 6.100

Securities Revenue 28.500 26.000 26.700 28.000

Board & Care Revenue 10.800 10.400 10.700 11.400

Beer Tax 12.212 12.600 12.600 12.600

Horse Racing 2.700 2.600 1.600 1.500

Dog Racing 1.200 1.600 1.700 1.800

Tobacco Settlement Funds 44.400 44.500 36.600 36.600

SUBTOTAL $1,350.412 $1,327.300 $1,315.900 $1,351.000

(A) (B) (C) (D)

FY 2003 FY 2004 FY 2005

Other Medicaid Enhancement 13.400 16.300 16.300 16.800

Net Medicaid Enhance. Revenue 94.000 123.900 125.100 137.800

Utility Property Tax 20.500 17.800 19.000 19.500

Statewide Property Tax 485.725 485.700 558.000 603.000

Transfers from Sweepstakes 66.000 66.000 68.500 70.500

TOTAL $2,030.037 $2,037.000 $2,102.800 $2,198.600

(A) (B) (C) (D)

FY 2003 FY 2004 FY 2005

HIGHWAY FUNDS: Official Committee Committee Committee

(Dollars in Millions) Estimate Estimate Estimate Estimate

Road Toll - Gross Total $149.220 $144.500 $146.600 $148.850

Less Betterment ($21.220) ($21.500) ($21.500) ($21.850)

Road Toll - Net Total $128.000 $123.000 $125.100 $127.000

Motor Vehicle Fees 86.626 88.500 91.300 93.700

Miscellaneous 8.900 5.000 5.600 6.100

TOTAL HIGHWAY FUNDS $223.526 $216.500 $222.000 $226.800

FISH & GAME FUNDS:

(Dollars in Millions)

Fish & Game Licenses $9.094 $7.900 $8.300 $8.300

Miscellaneous 1.591 1.200 1.300 1.300

TOTAL FISH & GAME FUNDS $10.685 $9.100 $9.600 $9.600