New Hampshire repeals taxes on lottery prizes

[The Straight Story]

New Hampshire repeals taxes on lottery prizes

...
Starting Monday, New Hampshire residents no longer have to pay taxes on their lottery winnings.

The state imposed a 10 percent tax on gambling winnings over $600 in 2009, but the tax was repealed by the current Legislature under a bill going effect Monday.

Gov. John Lynch last week signed into law the bill repealing the tax, which officials said hurt the racetrack and battered lottery sales after the state enacted it two years ago.

...

The lottery commission is celebrating with a "Tax Repeal Tea Party" at its headquarters. It's also unveiling a new $10 instant ticket called "$250,000 Tax Free." Federal taxes on the top prize for the game will be paid by the state. The tickets will be available at the lottery commission office Monday, with a buy one, get one free promotion, and then statewide starting June 6.

http://www.lotterypost.com/news/231849

[HopeHoops]

1. PA charges no such tax. The feds do, of course.

[maxsolomon]

2. thank goodness gambling is now tax-free!

this free money isn't good enough for me cuz kids and the poor might get some of it, too!

every day this country gets more stupid and venal.