Here’s another edition of some the Legislative Accomplishments under Republican leadership in just the 2017 part of the biennium: We focus on business and Constitutional rights.
Making New Hampshire More Business Friendly
• Passed reductions in the rate of the Business Profits Tax (from 7.9% to 7.5%)
and Business Enterprise Tax (from .675 to .5%) to continue our efforts to reduce
the cost of doing business in New Hampshire, making our state more
competitive to attract and retain jobs and grow our economy (HB517)
• Increased the amount of the expense deduction under the business profits tax
from $100,000 to $500,000 so businesses can invest in their business and
create more jobs (HB517)
• Statewide property tax exemptions for commercial and industrial construction
(HB316)
• Permitted employers to pay wages to employees weekly or biweekly. (HB194)
• Clarified definition of employee to ensure locally owned small businesses
franchisees retain oversight of local employees (SB89)
• Revised the New Hampshire trust code, continuing New Hampshire’s firm
commitment to being one of the best legal environments for trusts, trust companies, and fiduciary services (SB225)
Protecting Constitutional Rights
• Repealed antiquated permit requirement to carry firearms (SB12)
