CONCORD – House Republican Leader Gene Chandler (R-Bartlett) offered the following statement in reaction to the recently released 2015 State Business Tax Climate Index published by the non-partisan Tax Foundation. In the report, New Hampshire ranks in the top 10 overall, but 48th in the nation for corporate taxes.
House Republican Gene Chandler (R-Bartlett)
“Again this year, the Tax Foundation has pointed out that we’re one of the worst states when it comes to corporate taxes. This should serve as another red flag to lawmakers that we need to take a serious look at our approach to business taxes in New Hampshire. House Republicans will make this a legislative priority in the coming term. Our high quality of life and lack of a sales tax or broad based income tax have laid the foundation for us to be a destination for individuals, families and retirees. But that high quality of life can only be sustained through continued economic growth and opportunity. We must be able to unleash the potential of our current business community and continue to find ways to make New Hampshire a destination for new businesses, industries and start-ups. Having one of the most unfavorable corporate tax climates in the United States inhibits us from being able to compete for investment and jobs. We will work to change that.”