Apparently the bill has 11 sponsors, all democrats. Given the makeup of the legislature and who is governor, I'd guess this is DOA for this year.

In terms of details, it sets the rate at 4% after this year and exempts $50k of income per person (instead of $2400 under old rules).

Given the high exemption (I guess $100k for couple), I wonder how much revenue this version of the tax would actually raise.

https://legiscan.com/NH/text/SB261/2023

>1 Repeal. 2021, 91:89-100 relative to the phase out and repeal of rate of taxation of incomes, is repealed.
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>2 Taxation of Incomes; Rate RSA 77:1 is repealed and reenacted to read as follows:
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>77:1 Rate.
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>I. The annual tax upon incomes shall be levied at the rate of 5 percent for all taxable periods ending on or before December 31, 2023.
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>II. The annual tax upon incomes shall be levied at the rate of 4 percent for all taxable periods ending after December 31, 2023.
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>3 Taxation of Incomes; Who Taxable. Amend RSA 77:3, I to read as follows:
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>I. Taxable income is that income received from interest and dividends during the tax year prior to the assessment date by:
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>(a) Individuals who are inhabitants or residents of this state for any part of the taxable year whose gross interest and dividend income from all sources, including income from a qualified investment company pursuant to RSA 77:4, V, exceeds [$2,400] $50,000 during that taxable period.
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>(b) Partnerships, limited liability companies, and associations, the beneficial interest in which is not represented by transferable shares, whose gross interest and dividend income from all sources exceeds [$2,400] $50,000 during the taxable year, but not including a qualified investment company as defined in RSA 77-A:1, XXI, or a trust comprising a part of an employee benefit plan, as defined in the Employee Retirement Income Security Act of 1974, section 3.
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>(c) Executors deriving their appointment from a court of this state whose gross interest and dividend income from all sources exceeds [$2,400] $50,000 during the taxable year.
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>4 Effective Date. This act shall take effect upon its passage.