This past Tuesday, January 10 the House Ways & Means Committee heard HB 1460, which would eliminate an inequity in the NH Business Profits Tax law that does not enable some restaurants to fully deduct certain business expenses. NH Department of Revenue Commissioner Phil Blatsos testified in opposition to the bill, claiming the deduction would provide an unfair benefit to certain restaurants. This bill is a high priority for NHLRA. We will be getting the committee more information from other states that allow this deduction. A committee vote will occur sometime within the next month.
« Driniking Age For Military | Main | Denying Accommodations to Persons Under 21 Years of Age »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8342449fc53ef00d8342a326753ef
Listed below are links to weblogs that reference Business Profits Tax Deduction:
» MP3 Downloads, Find your favorite mp3 from Mp3 Search
Enter Artist or Song or Album name to search:. Download MP3 Music for $0.10 per song. MP3 Archive:. # - A - B - C - D - E - F - G - H - I - J - K - L - M ... [Read More]
Comments
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
The House Ways & Means Committee has voted 19-0 to recommend killing HB 1460, which would eliminate an inequity in the NH Business Profits Tax law that does not enable some restaurants to fully deduct certain business expenses. NHLRA met resistance from the New Hampshire Department of Revenue. The full House will vote on this bill next Wednesday, February 22. If this issue becomes something that more of our members are having trouble with, we may resurface it in a future legislative session.
Posted by: NHLRA | February 17, 2006 at 01:29 PM
The House Ways & Means Committee has voted 19-0 to recommend killing HB 1460, which would eliminate an inequity in the NH Business Profits Tax law that does not enable some restaurants to fully deduct certain business expenses. NHLRA met resistance from the New Hampshire Department of Revenue. The full House may vote on this bill on March 8. If this issue becomes something that more of our members are having trouble with, we may resurface it in a future legislative session.
Posted by: NHLRA | February 10, 2006 at 03:22 PM
A subcommittee of the House Ways & Means Committee has voted 3-1 to recommend killing HB 1460, which would eliminate an inequity in the NH Business Profits Tax law that does not enable some restaurants to fully deduct certain business expenses. NHLRA supports this bill, and is disappointed that the Ways & Means Committee did not want to correct this inequity. It is their feeling that they would be opening a “Pandora’s box” if they made this change in law. The full Committee will vote on the bill within the next few weeks.
Posted by: NHLRA | January 27, 2006 at 04:23 PM
This Thursday, January 26 a subcommittee of the House Ways & Means Committee will discuss HB 1460, which would eliminate an inequity in the NH Business Profits Tax law that does not enable some restaurants to fully deduct certain business expenses. NHLRA plans to meet with the Commissioner of the Department of Revenue Administration before the subcommittee work Session to try and gain the Commissioner’s support. This bill is a high priority for NHLRA.
Posted by: NHLRA | January 20, 2006 at 02:44 PM