Concord, NH - Today, the Senate Finance Committee heard a bill, SB 526, which would require the Department of Resources and Economic Development to promote reductions to New Hampshire’s business tax rates as part of their marketing pitches to potential employers and out-of-state companies looking to relocate.
Senate Majority Leader Jeb Bradley (R-Wolfeboro) issued a statement following the bill’s introduction.
“This bill would require that a portion of the marketing and promotional budget within the Department of Resources and Economic Development be spent specifically for the purpose of promoting New Hampshire’s business tax reductions in an effort to encourage new business and out of state employers to set up shop in the Granite State,” said Senate Majority Leader Jeb Bradley (R-Wolfeboro).
“The business tax reductions passed in 2015 help re-establish New Hampshire as a competitive state to do business, where small startups and tech businesses can grow and create jobs. By appropriating funds specifically for the promotion of low taxes, we continue to encourage this type of business growth so critical for New Hampshire’s economy,” said Bradley.