The business profits tax (BPT) stands at 8.5%; the business enterprise tax (BET) at .75%.
Under these bills, those would drop every year until 2019, when the BPT would be 7.9% and the BET .675%.
Senate majority leader Jeb Bradley told colleagues the cuts are an overdue recognition that N.H. isn’t as business friendly as it needs to be.
“To ignore the fact that we have an uncompetitive corporate tax rate is nothing worse than the most myopic short sightedness that we could have.”
Democrats, like David Watters, countered that cuts are ill-conceived.