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Entries in Taxes (312)

Wednesday
Jul222015

NH Sen Boutin bill to protect leases from real estate tax signed into law 

Concord, NH - A year-long effort by Senator David Boutin (R-Hooksett) to protect New Hampshire businesses from unauthorized taxes recently succeeded. Boutin sponsored SB 232 to protect leases from the Real Estate Transfer Tax, which the Department of Revenue Administration started applying to commercial ground leases without legislative approval.

 

“The Real Estate Transfer Tax applies to the sale of real property, and was never meant to apply to leases shorter than 99 years,” Boutin said. “This law clarifies the long-standing intent of the Legislature, and reverses the ill-conceived attempt by the DRA to rewrite New Hampshire’s tax code.

 

DRA Commissioner John Beardmore last summer sought a change in Administrative Rules to allow collection of taxes on commercial ground leases, even though the tax had never been applied that way. Faced with opposition from Sen. Boutin and other members of the Legislature, Beardmore withdrew the request and instead claimed that he already had authorization to levy the tax on leases. Boutin has been working since last summer to clarify the law, and protect New Hampshire businesses from a tax that was never approved by the Legislature.

 

SB 232 was approved 23-0 by the Senate and sailed through the House on a voice vote before Governor Hassan signed it into law last week.

 

“This unauthorized tax in commercial leases would have added a drag on our economic recovery, and undermined confidence in the stability and fairness of New Hampshire’s tax code,” Boutin added. “Passing this taxpayer protection into law reassures our business owners that they will not find any surprises in their tax bill.”

 

CHAPTER 255 - SB 232-FN-A – FINAL VERSION

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Saturday
Jul182015

Josiah Bartlett Center - Taxes Aren't What You Think They Are 

Weekly Update from the Josiah Bartlett Center

Keeping you up to date on our latest research
on the issues impacting New Hampshire

Taxes Are Not What You Think They Are

Today is the Ides of July — or Quintilis if you aren’t fond of Julius Caesar –and a good time to remind us all what we do and don’t know about taxes — that perennial political football. Tax myths abound and all too often color political debate. But a look at tax data tells us more about our economy and system than the insipid polemics that disease what passes for public discourse.

The individual income tax provides about half of all revenue for the federal government. In 2015, the individual income tax will provide $1.48 trillion, about 46% of all federal revenue. By contrast, corporate income taxes provide 10% of federal revenue, $341 billion in 2015. 
Click here to keep reading.


Cracking Open New Hampshire's Books

How are New Hampshire’s finances? According to the Mercatus Center, a Virginia based think tank, slightly better than average. In their recently released rankings of state finances, New Hampshire comes in 20th in comparison to the other 50 states. The study gauges each state based on five solvency measures, (cash, budget, long run, service level and trust fund) creating a comprehensive snapshot of each state’s finances. However, it is important to keep in mind, that the rankings only indicate a state’s financial position in relation to the other states, not in absolute terms. A low ranking might not necessarily spell financial trouble, while a high ranking does not mean a state can rest on its laurels. Click here to keep reading.

 

 
 
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Friday
Jul032015

Citizens For A Strong NH - Remembering Hassan's Tent Tax 

Remember Governor Maggie Hassan's "Campground Tax."

 

(July 3, 2015) -  As thousands of New Hampshire families and out-of-state tourists head to Granite State campgrounds for the 4th of July weekend, it is important for them to remember that if Governor Maggie Hassan had her way back in 2009, this could be a much more costly holiday. Furthermore, many of the campgrounds that existed then likely would have been forced to close down by now due to what became known as the costly and absurd "Tent Tax."

Background:

In 2009, the New Hampshire Legislature agreed in the FY 2010 - FY 2011 budget to raise the state's Rooms and Meals Tax from 8% to 9%, and expanded the tax to campsites.

  • In June of 2009, then State Senator Maggie Hassan, who was also a Senator Budget Conferee, voted for the FY 2010 - FY 2011 budget. (HB1, Roll Call Vote #103: Conference Committee Report Adopted 13-11, 6/24/09, Hassan Voted Yea; Senate Journal 20, 6/24/09, pg. 595)
  • In June of 2009, then State Senator Maggie Hassan voted for HB2, the trailer bill for the FY 2010 - FY2011 budget, which expanded the Hotels and Rooms Tax to campsites. (HB2, Roll Call Vote #104: Conference Report Adopted 13-11, 6/24/09, Hassan Voted Yea; Senate Journal 20, 6/24/09, pg. 661)
    • HB2 "increases the Meals and Rooms Tax, adds campsites to the definition of hotel." (HB2, signed into law 6/30/09; Senate Journal 20, 6/24/09, pg. 655)

In response to the newly imposed 'Tent Tax,' public pressure mounted quickly as campsite owners and vacationers recognized how detrimental it would be to the industry. WBZ-TV talked to one campground owner who said that a "9% meal and room tax increase could put many campgrounds out of business. Local campers even said "we are in a fixed income, yeah that (tax) is going to hurt."

In addition to the public outcry, the tax fell far short of what it was expected to raise, according to Gregg Pitman, executive director of the New Hampshire Campground Owners Association. 

  • In April 2010, then State Senator Maggie Hassan voted to repeal the Campsite Tax (HB1445, Roll Call Vote #48: Motion To Pass Adopted 24-0, 4/7/10, Hassan Voted Yea; Senate Journal 13, 4/7/10, pg. 279)
  • In May 2010, the Campsite Tax Repeal was signed into law, "eliminating the meals and rooms tax on campsites." (HB1445, Signed Into Law 5/3/10)

*Note: In 2010, then State Senator Maggie Hassan lost her State Senate seat to current State Senator Russell Prescott.

 

Derek Dufresne, Spokesman for Citizens for a Strong New Hampshire, released the following statement:

"In addition to the fact that our state's tourism industry is a crucial aspect of our economy, summer vacations to local campgrounds are a time-honored tradition enjoyed by many New Hampshire families and out-of-state tourists alike. As countless Granite Staters gear up for a weekend at one of our many campgrounds, it is important for them to remember that if then State Senator Maggie Hassan had her way, the Granite State campground industry of today would look significantly different.

"Only a tax and spend liberal like Maggie Hassan would believe that imposing a Rooms and Meals tax on a parking spot for a camper was a good idea. This tax would have taken a significant chunk out of New Hampshire families' pockets and forced countless campgrounds to shutdown. Thankfully, Hassan's 'Tent Tax' didn't last long, but it is just another example of how out-of-touch she is with issues important to Granite State families."

 

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Saturday
Jun132015

ALG - 86 House Republicans who voted to increase taxes to pay for Obamatrade 

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June 12, 2015, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement blasting 86 House Republicans who voted for trade adjustment assistance, legislation that will increase taxes to make payments to unions affected by the Trans-Pacific Partnership:

 

"It is almost incomprehensible that 86 House Republicans were so desperate to make an Obamatrade deal that they voted to increase taxes to pay off big labor — all to make Obamatrade more palatable to Democrats. No deal was better than a bad deal, and yet these 86 Republicans decided the trade bill was more important than increasing their constituents' taxes to make payments to labor unions. Any member considering voting for trade adjustment assistance next week should well consider the political consequences of voting to increase taxes to pay off big labor to grant Obama more power to regulate the global economy."

 

To view online: http://getliberty.org/86-house-republicans-who-voted-to-increase-taxes-to-pay-for-obamatrade/

 

Attachments:

 

86 House Republicans who voted for trade adjustment assistance, June 12, 2015 at http://clerk.house.gov/evs/2015/roll361.xml

 

Robert Aderholt (Ala.-CD4)

Louis Barletta (Pa.-CD11)

Andy Barr (Ky.-CD6)

Joe Barton (Texas-CD6)

Dan Benishek (Mich.-CD1)

Mike Bishop (Mich.-CD8)

Rod Blum (Iowa-CD1)

Mike Bost (Ill.-CD12)

Charles Boustany (La.-CD3)

Kevin Brady (Texas-CD8)

Susan Brooks (Ind.-CD5)

Ken Calvert (Calif.-CD42)

Mike Coffman (Colo.-CD6)

Tom Cole (Okla.-CD4)

Barbara Comstock (Va.-CD10)

Ryan Costello (Pa.-CD6)

Ander Crenshaw (Fla.-CD4)

Carlos Curbelo (Fla.-CD26)

Rodney L. Davis (Ill.-CD13)

Charlie Dent (Pa.-CD15)

Robert Dold (Ill.-CD10)

Daniel Donovan (N.Y.-CD11)

Tom Emmer (Minn.-CD6)

Mike Fitzpatrick (Pa.-CD8)

Jeff Fortenberry (Neb.-CD1)

Rodney Frelinghuysen (N.J.-CD11)

Sam Graves (Mo.-CD6)

Glenn Grothman (Wis.-CD6)

Frank Guinta (N.H.-CD1)

Brett Guthrie (Ky.-CD2)

Richard Hanna (N.Y.-CD22)

Jaime Herrera Beutler (Wash.-CD3)

Bill Huizenga (Mich.-CD2)

Robert Hurt (Va.-CD5)

Darrell Issa (Calif.-CD49)

Bill Johnson (Ohio-CD6)

David Jolly (Fla.-CD13)

John Katko (N.Y.-CD24)

Mike Kelly (Pa.-CD3)

Peter King (N.Y.-CD2)

Adam Kinzinger (Ill.-CD16)

John Kline (Minn.-CD2)

Blaine Luetkemeyer (Mo.-CD3)

Tom Marino (Pa.-CD10)

Kevin McCarthy (Calif.-CD23)

Patrick McHenry (N.C.-CD10)

David McKinley (W.Va.-CD1)

Cathy McMorris Rodgers (Wash.-CD5)

Patrick Meehan (Pa.-CD7)

Luke Messer (Ind.-CD6)

John Mica (Fla.-CD7)

Candice Miller (Mich.-CD10)

John Moolenaar (Mich.-CD4)

Tim Murphy (Pa.-CD18)

Devin Nunes (Calif.-CD22)

Erik Paulsen (Minn.-CD3)

Joe Pitts (Pa.-CD16)

Tom Reed (N.Y.-CD23)

Dave Reichert (Wash.-CD8)

Scott Rigell (Va.-CD2)

Mike Rogers (Ala.-CD3)

Hal Rogers (Ky.-CD5)

Todd Rokita (Ind.-CD4)

Peter Roskam (Ill.-CD6)

Ed Royce (Calif.-CD39)

Paul Ryan (Wis.-CD1)

Steve Scalise (La.-CD1)

John Shimkus (Ill.-CD15)

Bill Shuster (Pa.-CD9)

Mike Simpson (Idaho-CD2)

Elise Stefanik (N.Y.-CD21)

Steve Stivers (Ohio-CD15)

Glenn Thompson (Pa.-CD5)

Mac Thornberry (Texas-CD13)

Pat Tiberi (Ohio-CD12)

Dave Trott (Mich.-CD11)

Michael Turner (Ohio-CD10)

Fred Upton (Mich.-CD6)

David Valadao (Calif.-CD21)

Ann Wagner (Mo.-CD2)

Tim Walberg (Mich.-CD7)

Greg Walden (Oreg.-CD2)

Mimi Walters (Calif.-CD45)

Ed Whitfield (Ky.-CD1)

Joe Wilson (S.C.-CD2)

David Young (Iowa-CD3)

 

Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 106 or at media@limitgov.org to arrange an interview with ALG experts including ALG President Rick Manning.

 

 

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at www.GetLiberty.org.

Saturday
Jun062015

NH Senate Republican Caucus - Jobs, Jobs, Jobs 

The New Hampshire Senate

Republican Majority Office

Bradley applauds Senate efforts to lower business taxes, electric rates, and workers comp

 

Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) applauded Senate passage of three bills which address three significant challenges to job creation in New Hampshire. The Senate approved a state budget that lowered business tax rates for the first time in 20 years, approved Bradley’s bill to lower electric rates, and approved reforms to the New Hampshire workers’ compensation system. A recent report from the Pew Foundation ranks New Hampshire among the ten worst states for job creation since the end of the Great Recession.

 

“New Hampshire businesses have struggled with high business taxes, high electric rates, and high workers’ compensation costs, all of which hurt our ability to create jobs,” Bradley said. “We’ve taken important steps to address all three, which would make New Hampshire more competitive.”

 

HB 2 lowers the Business Profits Tax from 8.5% to 7.9% in three stages, while cutting the Business Enterprise Tax 10% over that time. Bradley was the prime sponsor of SB 1, the BPT rate cut, and a cosponsor of SB 2, the BET rate cut. The Senate yesterday approved HB 2, which will likely head to Committee of Conference as the House and Senate finalize the state budget.

 

SB 221 provides electric rate relief following an agreement by Eversource to sell its power generating assets, and will lower stranded costs, which are costs ratepayers already pay. Bradley was the prime sponsor. The Senate yesterday concurred with House changes to SB 221, sending the bill to Governor Hassan’s desk.

 

SB 133 lowers workers’ compensation rates by allowing employers to negotiate medical costs, and requiring health care providers to justify the cost of their services. The bill also improves public transparency into health care costs, giving companies more choice. Bradley was the prime sponsor. The Senate yesterday concurred with House changes to SB 133, sending the bill to Governor Hassan’s desk.

 

“My top three priorities this year were jobs, job, and jobs,” Bradley added. “These three bills tackle three of the toughest challenges keeping New Hampshire business from creating more jobs. I look forward to Governor Hassan signing them into law in order to get New Hampshire’s economy moving again.

 

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