NH Business Review February 9, 2021 Not taxing a New Hampshire business’ Paycheck Protection Program money could cost the state as much as $135 million in revenue, estimated the state Department of Revenue Administration. It was that estimate that was the focus of Monday’s hearing on Senate Bill 3, an attempt by Sen. Majority Leader Jeb Bradley, R-Wolfeboro, to mirror federal tax rules. Bradley called the bill a “clarification” that would just put the bill in line with federal intent, but the DRA indicated that it would be an expensive one. “Congress made it clear that it was never intended to be taxable,” said Bradley. And since it never was, then not taxing would not be an actual revenue loss, he argued