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Issue Position: Taxes

Issue Position

Location: Unknown

* There was a time that NH was in the top 5 of every category in terms of corporate taxation which meant businesses wanted to relocate to NH; we are now in the bottom f of every category which means businesses currently located in NH either have to close their doors or they are looking to relocate to another state.

* A study by the Tax Foundation (a non-partisan research group) found that New Hampshire has the worst corporate tax system in the nation. This tax environment makes it much more difficult to attract new businesses to the state.

* State taxes and fees that have been created or increased include the new LLC tax, the Business Profits Tax and Real Estate Transfer Tax both being extended, the Rooms and Meal Tax being raised by 12.5%, increases in the fees to register your car or motor cycle, and a Camping tax being created that will hurt NH's tourist industry.

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