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Ways & Means Committee – Week 18, 2021 News Provided By Share This Article Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers” that must be met to move to the contingent individual income tax system established under SF 2417 in 2018, and make the new system effective for Tax Year 2023. Under SF 2417, the contingent tax system only goes into effect after TY 2023 when two conditions are met: General Fund net receipts for FY22 (or after) exceed $8.31 billion; and net General Fund receipts for that year grow at least 4% above the year prior (equal to or more than 104% of previous year’s net receipts). ....
SF 619/SSB 1276 – Omnibus tax policy/Mental health funding Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers” ....
Email address: Leave this field empty if you re human: CONCORD, NH – Gov. Chris Sununu promised at his Thursday press conference to look into whether reports showing how agencies and private organizations spent federal CARES Act funds he awarded them are public documents. InDepthNH.org asked for the reports two weeks ago and Sununu responded then by saying the state website is very transparent, although the reports were not published there, and Sununu’s spokesman hasn’t responded to questions about them since. On Thursday, Sununu again stressed the transparency of the state’s Governor’s Office For Economic Relief and Recovery website when it comes to the federal $1.25 billion spending, but wasn’t sure if what he called “audit” documents detailing how agencies and private organizations spent the funds are public information. ....
NH Business Review Executive Council OKs $90k grant get office up and running January 26, 2021 Well over a year after its approval, it looks like the Office of Outdoor Recreation will finally be getting the funding to get down to business. The office, which was formed to support development of New Hampshire’s tourism economy, was created as part of the state budget that was passed in 2019, but no state funding was appropriated to support it. Instead, the office was left to seeking out federal funding in order to operate. After months of trying, the officials of the Department of Business and Economic Affairs, of which the new agency is a part, were able to obtain a $391,666 grant from the federally supported Northern Border Regional Commission. The Executive Council voted to accept the funding at its Jan. 20 meeting. The last hurdle for the new office is the Legislative Fiscal Committee, which also must approve the grant. ....