HB-642 was voted 'inexpediant to approve' or something by the NH House on January 13, 2010, by a vote of 244-72, so the income tax is now dead for another year. If by some long shot chance, Gov Lynch wins his fourth two-year term in November, then who know's maybe he'll change his tune on an income tax.
In the meantime, there's still the LLC-5% tax, alive and kicking for 2010.
Hey Rattlesnake Guy......come on.....just don't get me all confused with any research or facts.....
Most likely, you are something like 49.5% correct and it's all somewhat hypothetical.
In 2009, this two-year NH legislature sent a shockwave throughout the NH campground businesses when it extended the 9% lodging tax to include renting a site with a picnic table and a spot to park your camper or tent. Similarly, the same legislature seems like it could send another shockwave throughout the LLC's. It's time for the LLC's to share some of the pain. Will the legislature do it? The answer is "yes, they can!
As the voice of the NH Republican Party, it looks like the Union Leader is playing the LLC tax for all it can what with one congressional seat and a US Senate seat very much up in the air.