New Hampshire’s per gallon tax on gasoline and diesel is going up 4.2 cents July 1. According to Americans for Prosperity, New Hampshire’s economy will pay a price.
Tom Thomson of Orford was among the protestors the conservative group brought to a Hooksett gas station.
Thomson: The power to tax is the power to destroy. By passing Senate Bill 367, we will at best damage the New Hampshire advantage, and worse see businesses suffer and or close; and that equals loss of jobs.
This week All Things Considered is taking a look at the 2014 legislative session - which key bills passed, which did not, and why.
One item that made it through the legislature this year was a roughly 4 cent increase to the state’s tax on gas and diesel. The law, which takes effect in July, is expected to fund highway improvements for about two years, and pay some of the bonds being used to finish the expansion of Interstate 93.
Last week the house voted in favor of a Senate bill, raising the tax by four cents a gallon - and Governor Hassan has said she’ll sign it. We’ll look at the implications of the state’s first gas tax increase in twenty three years.
The House highways and tax committees are holding a joint hearing next week on a proposal to raise the tax on gas and diesel by 4 cents. The hearing will be held Tuesday. The Senate-passed bill would provide more money over the next two years for highway improvements, then take some of the tax proceeds to pay off $200 million in borrowing toward completion of the I-93 project. Once the debt is paid off in roughly 20 years, the tax hike would expire. The bill would also eliminate the Exit 12 ramp toll booths in Merrimack.
On the Political Front, NHPR's Josh Rogers talks with Morning Edition host Rick Ganley about a proposal to increase New Hampshire's gas tax, Scott Brown ramping up his Senate campaign, and Vice President Joe Biden visiting Nashua on Tuesday.
A state Senate committee has recommended passage of a gas tax increase in New Hampshire.
The Senate Ways and Means Committee voted 4-1 Tuesday in favor of the increase.
The 18 cent tax would rise about 4 cents per gallon in July under the bill. It has not been increased since 1991 and is the lowest in New England. That increase is projected to raise $32 million annually for road improvements and the Department of Transportation.
The Senate is scheduled to vote on the bill March 13.