The new year means New Hampshire businesses will pay lower taxes.
Two key state business taxes were first reduced in 2016, the result of a compromise between then Governor Hassan and Republican lawmakers. The deal allowed for further tax cuts as long as revenues didn’t decline.
But the state’s relatively strong economy has pushed receipts up, triggering a new round of business tax cuts for 2018.
“This is all part of a process of trying to make the state more competitive,” says Greg Moore with Americans For Prosperity-New Hampshire.