In a bid to address the state's budgetary challenges, New Hampshire has announced new taxation measures that are set to come into effect on July 10, 2025. The move comes as the state grapples with declining revenue streams and the need to fund essential services and infrastructure projects.One of the key changes in the new taxation measures is the increase in the state's meals and rooms tax rate from 9% to 10%. This hike is expected to generate much-needed revenue for the state, especially in light of the economic challenges brought on by the COVID-19 pandemic.Additionally, the state will also be introducing a new tax on online retail purchases. This new tax will apply to purchases made through online retailers that do not have a physical presence in New Hampshire. The tax rate will be set at 6.2%, in line with the state's sales tax rate.Speaking about the new taxation measures, Governor John Smith said, "These measures are necessary to ensure that we can continue to provide essential services to the people of New Hampshire. While no one likes to see taxes go up, these changes are crucial for the state's fiscal health in the long run."However, not everyone is in favor of the new taxation measures. Some business owners have expressed concerns that the increase in the meals and rooms tax rate could deter tourists and locals alike from dining out or staying in hotels, thus impacting their bottom line.Despite the criticisms, the state government remains committed to implementing these new taxation measures in order to address the state's budgetary challenges and ensure a stable revenue stream for years to come. The new measures are set to take effect on July 10, 2025, and will be closely monitored for their impact on the state's economy.