Greater Manchester Chamber of Commerce Opposes Proposed “Entertainment Tax”
Measure would disproportionally impact Manchester
Manchester, NH (June 18, 2009)—The Greater Manchester Chamber of Commerce (GMCC) announced its opposition today to the proposed creation of an “entertainment tax” as a means to balance the state’s budget. Senate and House Committee of Commerce members are rumored to be considering inserting the measure to close the state budget deficit.
“This proposal would have a devastating impact on the Manchester community,” said Robin Comstock, President and CEO of the GMCC. “Over the past several years Manchester has effectively positioned itself as a vibrant entertainment destination by investing in top notch venues like the Verizon Wireless Arena, Merchantsauto.com Stadium, Palace Theatre, and Currier Museum of Art. Adding a tax on tickets sales for venues like this will drastically hurt their bottom line and threaten to undo the progress Manchester has made.” said Comstock.
The proposal has not been publicly revealed at this time, but is rumored to extend the rooms and meals tax rate to all entertainment activities, meaning any event in which a person purchases a ticket for admission. The rooms and meals tax rate is expected to be raised during budget deliberations as well.
“This proposal disproportionally impacts communities like Manchester that have strategically positioned themselves as entertainment destinations. In addition, we are very concerned about the trickledown effect this tax will have on local merchants, restaurants, and hotels that benefit from event crowds” said Comstock.
About the Greater Manchester Chamber of Commerce: Incorporated in 1911, the Greater Manchester Chamber of Commerce (GMCC) is the largest business organization in the greater Manchester area, focusing its efforts primarily on Manchester and the surrounding communities of Auburn, Bedford, Candia, Derry, Goffstown, Hooksett, Litchfield, Londonderry, and Merrimack. It is the Chamber’s mission to be the leading force in the improvement of the business environment, the economic health and the general vitality of the region. The GMCC provides members with marketing opportunities, economic indicators, legislative bulletins, and representation in both local and state government. For more information visit www.manchester-chamber.org.