House Republican Leaders React to NH Ranking 48th in Business Tax Study

CONCORD – House Republican Leader Gene Chandler (R-Bartlett) and House Republican Policy Leader Laurie Sanborn (R-Bedford) released the following statements in reaction to the recently published Business Tax Climate Index from the non-partisan Tax Foundation. The index placed New Hampshire 8th nationally for overall tax climate, but just 48th in the nation for corporate taxes.

House Republican Leader Gene Chandler (R-Bartlett)

“This should serve as another red flag to lawmakers that we need to take a serious look at our approach to business taxes in New Hampshire. This year, when the Governor and House Democrats proposed to suspend several business tax reforms passed by the previous legislature, Republicans fought back. Those reforms will remain law thanks to Republican legislative leaders in the House and Senate.

“As we’ve learned, even with the meaningful reform we saw during the previous term, we need to do more. We need to compete regionally and nationally in order for businesses to locate, grow and create jobs here in New Hampshire. Our long term economic viability depends on it. House Republicans remain committed to supporting reasonable and meaningful business tax reforms.”

House Republican Policy Leader Rep. Laurie Sanborn (R-Bedford)

“As a business owner and legislator, it’s disappointing to see our state continue to wallow at the bottom of the list and have some of the highest business taxes in the nation.  While many factors influence a company to incorporate or expand in New Hampshire, taxes do matter and we need to be more competitive in this area if we are to continue to grow the economy, create jobs and keep youth in our state.”