House Speaker William O'Brien and House Majority Leader D.J. Bettencourt today released the following statement on the passage of SB 78, which, as amended, would temporarily decrease the state gas tax by 5 cents. The provision now goes to the Senate and then the Governor.
House Speaker William O’Brien
“Without question, the top concern of my constituents and New Hampshire residents of all political backgrounds has been the high price of gasoline. That’s why the House of Representatives is taking steps to put more money in the pockets of the working families and small businesses of the state by helping to bring these costs down. Although the amount of tax relief is the same, this amendment is a significant improvement over the original Senate bill, since it will benefit all New Hampshire residents, not just those with May and June birthdays, and it will enhance cross border sales to bring even more revenue to the state and help us grow our economy. This bill is good for our economy and will give welcome relief to the drivers of the state who are facing soaring gas prices.”
House Majority Leader D.J. Bettencourt
“As a representative of a border community, I have seen first thand how the New Hampshire Advantage helps our businesses and economy. Gas prices in New Hampshire are currently lower than our neighbors. According to online data—roughly 5 cents a gallon lower than Maine and Vermont and about 10 cents lower than Massachusetts. Expanding this margin by another 5 cents would result in more out-of-state residents coming to New Hampshire to fill their gas tanks. While they are here, visitors will also take advantage of our low tax environment and purchse other goods, including cigarettes, liquor and lottery tickets. This will help to drive up state revenues, as will the business profits taxes of the local gas stations benefitting from the additional business.”
(vote on amendment: 201-108)
(vote on HB 78, as amended: 208-98)