Business Tax Credit Scholarships

N.H. Debates Business Tax Structure

Jun 4, 2015
Jason Dirks / Flickr / Creative Commons

Is it time for a business tax reboot? Some in New Hampshire say a comprehensive re-examination of our business tax structure is long overdue, given questions about fairness – competition – and the huge role these taxes play in our budget. We’ll discuss how the system works now and the  pros and cons of the proposals to change it.

Ben McCleod via Flickr CC

The New Hampshire Supreme Court will hear arguments today on whether it’s constitutional to give tax credits to businesses that donate to private scholarship funds. The program in question has been hamstrung by a lower court ruling.

On Wednesday, the legislature will vote on whether or not to override Governor John Lynch’s veto of a bill supporters call School Choice Scholarship Act.

Both Democratic gubernatorial candidates are calling on the legislature to uphold the governor’s veto. Their republican opponents came out in support of the school choice bill last week. There are two, nearly identical, versions of the education tax credit coming back before the legislature tomorrow.

At a campaign event Tuesday,  Maggie Hassan used the veto vote to lash out at one of her Republican opponents.

Flikr Creative Commons / Mike Willis

Governor John Lynch has vetoed a bill that would create a tax credit for businesses donating to not-for-profit scholarship organizations.