Concord - New Hampshire Republican State Committee Chairman Jennifer Horn today released the following statement on new legislation introduced by the Republican majority in the New Hampshire State Senate that will lower business taxes:
"Senate Republicans should be congratulated for keeping their campaign promises to make New Hampshire a better place to do business. Lowering the Business Profits Tax and the Business Enterprise Tax will encourage job creation and economic growth while ensuring that New Hampshire's corporate tax rates are competitive with other New England states.
"It is time for Governor Hassan to join with Republicans and support this commonsense approach that will help our economy thrive. If the governor refuses to support this legislation, it will prove that she isn't willing to stand up for responsible fiscal policies that will help New Hampshire's business community create jobs for working families."
Over the next four years, SB1 would reduce the Business Profits Tax from 8.5% to 8%. SB 2 would reduce the Business Enterprise Tax by 10% over the next three years.