Senate Ways and Means Unanimously Passes SB 101, Relieves Tax Burden for Small Businesses
Contact Name: Marina Altschiller
Phone: (603) 271-3207
CONCORD – Today, the Senate Ways and Means Committee unanimously passed SB 101, Senate Democratic Leader Donna Soucy’s (D-Manchester) bill to increase the minimum gross business income required for filing a business profits tax return. SB 101 mirrors the language of last year’s SB 223-FN which unanimously passed the Senate.
After the vote, Senate Democratic Leader Donna Soucy (D-Manchester) issued the following statement:
“New Hampshire’s economy is driven by small business owners and self employed entrepreneurs. SB 101 is a common sense measure that will relieve thousands of our small businesses of an unnecessary financial and administrative burden. I thank my colleagues for their bipartisan support of this important measure.”