business enterprise tax

NH News
12:40 pm
Wed May 14, 2014

Hassan Pushes For Hiring, Spending Freeze In Wake Of Sudden Revenue Shortfall

Credit Ryan Szepan / Flickr Creative Commons

Governor Maggie Hassan issued an Executive Order Wednesday that would freeze state hiring and purchasing, as well as out-of-state travel. The governor says the freeze is needed following a dramatic drop in revenue last month. 

Gov. Hassan says April education and general fund revenues fell short by almost $22 million.  Prior to that, the state had been running a roughly $25 million surplus.  She says the shortfall has lowered the state’s cushion to just below $4 million.

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NH News
4:31 pm
Wed March 5, 2014

House Kills Plan To Make Nonprofits Pay Business Tax

Credit Ken Teegarden via Flickr CC

The 173-163 vote mostly followed party lines, with Democrats opposing the bill and all but 9 Republicans supporting it.

The bill sought to lower the rate of the business enterprise tax  from .75 to .68 percent but require large nonprofits to pay it.

House Ways and Means Chair, Susan Almy (D-Lebanon) said the proposal would put what she called fragile charities at risk and said it would be wrong to keep the bill alive, even if only to study it.

"We can’t leave all of these organizations hanging in terror. Kill this"

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NH News
4:18 pm
Mon January 13, 2014

Bill Would Make Large Nonprofits Pay Business Tax

A veteran state lawmaker wants large non-profits -- like hospitals and colleges -- to pay the state’s business enterprise tax.

Hooksett Republican David Hess says making large nonprofits like hospitals, private colleges and prep schools pay the business enterprise tax would allow that tax’s rate to drop for everyone else.

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