Tag: BPT

UPDATE II: Gunstock Mountain Resort – An RSA 91:A Demand – Payment of Taxes Information

August 19, 2022 Skip

Maybe one of these epochs, I’ll finally get caught up on stuff. One of those was about my RSA 91:A Right To Know, issued on August 5th, concerning taxes paid by Gunstock Mountain Resort (Business Profits Tax, Business Enterprise Tax, Meals & Rooms Tax) as well as the top shareholders in GMR and any monies … Read more

UPDATE: Gunstock Mountain Resort – An RSA 91:A Demand – Payment of Taxes Information

August 13, 2022 Skip

I had issued an RSA 91:A to the Gunstock Area Commissioners concerning certain taxes paid by Gunstock to the State of NH – or not: This request is for the listing of payments for taxes to the State of NH by Gunstock Mountain Resort for the time period of January 1, 2000 through to end of … Read more

Gunstock Mountain Resort – An RSA 91:A Demand – Payment of Taxes Information

August 8, 2022August 5, 2022 Skip

I sent a new RSA 91:A (“Right To Know”) demand to Commissioners Doug Lambert (also of DGFIndustrial) and Jade Wood (also NH GOP Area 5 Vice Chair) concerning any taxes that a public Company must pay to the State of NH on a regular basis: —— Original Message —— From: “Skip” <Skip@granitegrok.com> To: “Doug Lambert” … Read more

So Kids, What Did We Learn From Friday’s House Session (06-04-21)?

June 5, 2021June 5, 2021 Judy Aron

We learned that Rep. Susan DeLemus (R-Rochester) has an incredible voice. She graced us all with a beautifully executed rendition of the Star-Spangled Banner.

Data Point – NH Businesses will NOT see a tax hike this year; NH Democrats reluctantly stop salivating

July 7, 2020 Skip

The NH Business Profit Tax (“If you made money, we demand some vigorish” tax) and the NH Business Enterprise Tax (“Simply because you want to do business in NH” tax) will no longer be automatically heading upward.

Higher Tax, Less Rehiring

June 5, 2020June 5, 2020 Op-Ed

With the pandemic driven business shutdowns, New Hampshire is expecting enough of a drop in Business Enterprise Tax (BET) to trigger a tax rate increase under a law passed a few years ago. The BET is a tax on having employees.

For New Hampshire Citizens this is Not a Bad Joke – This is the Future.

June 2, 2020 Op-Ed

Riddle: What is worse than a virus sweeping America and the government shutting down much of the economy?

Answer: A Virus, the shutdown, and then a tax hike on your shrinking paycheck.

For New Hampshire citizens this is not a bad joke. This is the future.

Greg Moore Explains How You Can Help Defuse New Hampshire’s Tax Hike Time Bomb

April 27, 2020 Steve MacDonald

Greg Moore from American’s for Prosperity explains the trap in the last budget that could pile a 12.5% tax hike on job creators and what you can do to help defuse this economic time bomb.

Business Profits Tax (“BPT”) was enacted in 1970

July 29, 2019July 29, 2019 Op-Ed

By Rep. Jess Edwards (R-Auburn) The Business Profits Tax (“BPT”) was enacted in 1970. The tax was initially assessed at the rate of 8.2%, making NH one of the least attractive states in which to do business. To improve our business climate, the BPT rate was reduced to 7.9% for 2018. The rate was further … Read more

Governor Sununu Protects Taxpayers By Vetoing State Budget

July 11, 2019 Op-Ed

by Grover Norquist | Democrat Budget Would Have Raised Taxes on Businesses and Vapers. New Hampshire has long been thought of as a low tax state, governed frugally and therefore a strong competitor among the 50 states to attract job-creating investment, talent, and young families. Over time, “what everyone knows” can cease to be quite … Read more

NH Democrat Susan Almy – Repeal Tax Cuts, Give Fiscal Committee Power To Tax at Will

December 24, 2018 Steve MacDonald

Longtime New Hampshire Democrat Susan Almy is doing her part to raise taxes. She’s introduced a legislative proposal to raise taxes on job creators. But she’s also got a bill in the pipeline that would appear to give the Legislative Fiscal Committee taxing powers independent of the Legislature. NHBR is reporting that, Almy’s second bill would … Read more

New Hampshire’s “Crumbs” – Federal Tax Reform Produces “Abnormal Rise” in Business Tax Revenue

September 26, 2018May 12, 2018 Steve MacDonald

This week the New Hampshire Fiscal Policy Institute (NHFPI) issued some analysis on the “abnormal rise” in New Hampshire Business tax revenue. Their conclusion? It is likely due to Federal Tax Reform.

As of the end of April, the BPT and BET together are about $90.8 million (16.9 percent) above plan for the year, and $107.0 million (20.6 percent) above April 2017. Although these two business taxes have been the primary source of the surplus during the year, the post-TCJA rise has dwarfed other revenue sources, even those that are major contributors.