CONCORD –House Majority leader D.J. Bettencourt (R-Salem) today released the following statement regarding the passage of HB 156, which reduces the tobacco tax. HB 156 passed by roll call vote 236 to 93. According to a study put out by the New Hampshire Grocers Association, a 10 cent rollback on the tax will see an estimated $12.8 million boost in revenue for the state.
“As a representative of a border community, I see firsthand how an increase in tobacco taxes hurts our communities. It makes our businesses less competitive and harder to create jobs. For the New Hampshire Advantage to having any meaning we need to actually have lower taxes than our neighboring states.”