NH House Continues Focus on Jobs and Economy, Passes Business Tax Cut

House Speaker William O’Brien

“We need to work with our employers to give them confidence to invest, grow and hire. Lowering their cost of doing business and making New Hampshire more competitive will entail a complete transformation in a state government that also rolls back excessive regulations; refuses to increase taxes; and ensures an environment of growth, responsiveness, stability, and support. We understand our state's future depends on a government committed to advancing economic growth and we will continue to advance these goals to preserve and enhance our New Hampshire Advantage.”

House Majority Leader D.J. Bettencourt

“This bill would increase the ability of our small business community to invest in capital equipment. In a recovering economy, we need to give the green light to our entrepreneurs and small business owners to go out and buy machinery, equipment, vehicles, furniture and other qualifying property knowing that they’ll be able to deduct up to $25,000 from their Business Profits Tax. This will contribute to the overall health of our economy and continue our efforts to make New Hampshire more business friendly.”