House Majority Leader Applauds Committee Vote on SB3

Concord, NH- House Majority Leader Jason Osborne (R-Auburn) released the following statement in response to the House Ways and Means Committee voting 23-0 to pass SB3, clarifying the tax treatment of the Federal Paycheck Protect Program loans.

“I commend the extensive work the Ways and Means committee put into SB3 to ensure this is the best policy for our state to adopt,’ said Rep. Osborne. ‘The fact of the matter is that this money never belonged to New Hampshire to begin with. We should not be in the business of taxing federal relief money meant to keep businesses afloat during a worldwide pandemic. The taxing of this money was forgiven at the federal level, and it is only right that it is also forgiven at the state level. This has been a top priority for the Republican Caucus this year, and we fully support this solution. I am looking forward to the full House vote next week and passing this important piece of legislation on to Governor Sununu.’’”

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