The House Ways and Means Committee heard testimony Thursday on a bill that would repeal the School Choice Scholarship Act, which passed last year. The act allows businesses to receive a tax credit when they donate scholarship money to private schools. Many of the same arguments that were heard last session came up again this […]
Thursday, the New Hampshire Senate unanimously approved a bill that increases the state’s research and development tax credit funding from $1 million to $2 million beginning this year. Last year, 111 qualifying businesses shared that $1 million – so that the 58 businesses who qualified for the maximum credit of $50,000 received $12,065 each. Who […]
The New York Times has published results from a 10 month investigation into the $80.4 billion that local and state governments spend on corporate subsidies. While many states spend many hundreds of dollars per capita on tax subsidies, free property, and other kickbacks, New Hampshire spends only $30 per capita, or a total of $39 […]
Kevin Landrigan of the Nashua Telegraph reported in the Concord Monitor today that “sagging receipts from taxes on business owners and on the sale of cigarettes caused state revenue to fall 3 percent short of expectations last month.” While the state’s business taxes came in “6 percent less than forecast,” the July 2011 cut in […]
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