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NH Sen. Bradley Files Legislation to Further Expand Research and Development Tax Credit

The New Hampshire Senate

Republican Majority Office

Concord, NH- Senate Majority Leader Jeb Bradley (R-Wolfeboro) announced today he has filed legislation to further expand the Research and Development Tax Credit. The Legislature recently doubled the tax credit to $2 million but there is significantly more demand than that amount.  Bradley’s legislation will expand the potential amount allowed to $7 million.  


 “Expanding the Research and Development Tax Credit is one of the most proactive and cost effective measures that New Hampshire policy makers can undertake to retain and grow our critically important advanced manufacturing high tech economy and the good jobs that depend upon it. Encouraging job growth must be a top priority for the 2015 legislative session,” he said.  


 Bradley said he expects the legislation will receive broad bipartisan support as well as strong support from business leaders as did similar legislation that previously expanded this tax credit.



NH Senate Republicans - Bradley opposes "Paddle Tax" 

The New Hampshire Senate

Republican Majority Office


The “Paddle Tax” is Not a Solution to NH’s Budget Deficit


Senate Majority Leader Jeb Bradley (R-Wolfeboro) issued the following statement concerning a new “Paddle Tax” to fund the NH Department of Fish & Game: 

“During the long gubernatorial campaign this year, Governor Hassan consistently talked about the bi-partisan budget that was passed that included no taxes and fees. 

“Less than a week after ballots have been cast, we are now hearing about a proposal to tax canoes, kayaks and other non-motorized watercraft. 

“The "paddle tax" is not a solution for dealing with budget issues and should not even be considered. It will hurt tourism, be largely unenforceable, and raise little revenue. 

“The LLC tax and the Camping Tax were bad ideas that had to be repealed. The Paddle Tax should not even be proposed.”


NH Sen Bradley to Hassan: Which business taxes would you like to increase?

The New Hampshire Senate

Republican Majority Office

Governor continues to blame revenues while hiding spending


Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) today called on Governor Maggie Hassan to specify which business taxes she wants to increase. Hassan has been warning of a potential budget deficit since May, but has refused to update the Legislature on state spending. FY14 revenues came in above the conservative forecasts insisted on by Senate Republicans, yet Hassan continues to claim that recent business tax reforms “are having a negative impact on the state's budget.”


“If Governor Hassan thinks New Hampshire’s business taxes are too low, she should tell us which ones she wants to increase,” Bradley said. “Does she want to start taxing trusts again? That would raise about $5 million a year. Does she want to reduce the Research and Development Tax Credit? She might want to roll back the Net Operating Loss Carry Forward provisions signed by Governor Lynch. the Or maybe she wants to lower the threshold for the Business Enterprise Tax so that New Hampshire’s smallest businesses will pay more.”


“These important business tax reforms had broad, bipartisan support, and were factored into the revenue estimates that proved so accurate for FY14,” Bradley continued. “If Governor Hassan wants to roll back these tax reforms, she should tell us which taxes she wants to increase. In the meantime, I would repeat our request to update the public on how much state departments spent in FY14, which ended 50 days ago.”




In 2011, the Legislature increased the filing threshold for the Business Enterprise Tax from $150,000 to $200,000, providing tax relief for New Hampshire’s smallest businesses.


In 2012, the Legislature voted 23-0 in the Senate and 312-18 in the House to override Governor Lynch’s veto of SB 326, exempting trusts from the Interest and Dividends Tax.


In 2012, the Legislature overwhelmingly approved HB 242, increasing the Net Operating Loss Carry Forward provision of the Business Profits Tax to $10,000,000.


In 2013, the Legislature passed SB 1, doubling the Research and Development Tax Credit and making it permanent. At the time, Hassan called it “a critical component of our innovation agenda.”


In June of 2013, Hassan praised the “bipartisan, fiscally responsible balanced budget agreement” that included all of the tax provisions she’s now criticizing.


NH Sen Bradley announces Spending Watch ‘14 

The New Hampshire Senate

Republican Majority Office

Governor Hassan needs to open the books


Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) today announced the creation of Spending Watch ’14. Bradley will track the number of days since the end of Fiscal Year 2014 until Governor Hassan reports on the amount of money that state agencies actually spent.


“Governor Hassan wants to start writing the next budget without even knowing how much money we spent last year. That is not how to protect hard working New Hampshire taxpayers. We know that New Hampshire revenues were on target, but we still don’t know which state departments met or exceeded their spending limits.


“Senate Republicans will continue to insist on transparency in state spending. If overspending has created a budget deficit, we need to know how big the problem really is if we’re going to address it.”


Spending Watch ‘14


86 days since Governor called for a spending freeze

61 days since the Nashua Telegraph reported state departments would exceed their FY14 budgets

39 days since the end of Fiscal Year 2014

32 days since Sen. Forrester requested an update on state spending



NH Sen. Bradley Statement on Stephen Coco Returning to Jail 

Concord, NH – Senate Majority Leader Jeb Bradley released the following statement today concerning Judge Gillian Abramson’s ruling to return former Manchester police officer Stephen Coco to jail:


“The law that Hillsborough County Corrections Superintendent relied on to release Stephen Coco has been on the books since 1971.  The changes we made during the 2013 session strengthened the law’s oversight protections to ensure prosecutors have the opportunity to call for a judicial review in cases where they believe the superintendent’s decision may be inappropriate. 


“That is exactly what happened in this case, and I applaud Judge Abramson for her ruling which sends Stephen Coco back to jail to continue serving his sentence.”