New Hampshire House approves Sununu's corporate tax cuts

New Hampshire House approves Sununu's corporate tax cuts
Christian Wade, The Center Square
© Provided by Washington Examiner
A divided New Hampshire House of Representatives on Thursday signed off on a buffet of corporate tax cuts as part of a two-year $13.6 billion budget.
The House approved the spending package in a vote that went mostly along party lines, with Republicans supporting the plan and Democrats criticizing it. The centerpiece of the budget, originally proposed by Republican Gov. Chris Sununu, is a plan to cut the state's rooms and meals tax from 9% to 8.5 % — the lowest level in more than a decade — and reduce the state's business enterprise tax from 0.6% to 0.55%, among other changes. "We were able to craft a well-thought out budget that is balanced, fiscally responsible, and does not raise any tax or fee," House Speaker Sherman Packard, R-Londonderry, said in a statement following its passage. "Our recommended House budget brings a broad range of tax relief to NH families, businesses, retirees and consumers."

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