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Covid aid tax rule could stymie proposed New Hampshire tax cuts

NH Business Review
American Rescue Plan provision bars states from using funds to reduce revenues
April 20, 2021
As if the tensions between Governor Sununu, the New Hampshire House and Senate were not enough to potentially gum up the state budget process, a controversial provision of the American Rescue Plan Act poses another challenge for lawmakers in Concord.
Section 9901 of the act prohibits states from applying the funds it distributes to “either directly or indirectly offset a reduction in net tax revenue arising from a change in law, regulation or administrative interpretation … that reduces any tax (by providing for a reduction in a rate, a rebate, a deduction, a credit or otherwise) or delays the imposition of any tax or tax increase.” ....

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New Hampshire's economic damage from pandemic not as bad as many other states, analysis shows

New Hampshire's economic damage from pandemic not as bad as many other states, analysis shows
washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.

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