Advancing NH Public Education must hate seniors. At least that is what we can only surmise from their less than impressionable mention of Senator Andy Sanborn’s effective effort to reduce and eventually eradicate the NH state tax on interest and dividends.<\/p>\n
New Hampshire prides itself on being a ‘no income-tax state’. But some say this tax on savings is indeed an ‘income’ tax.<\/p>\n
State Senator Sanborn filed SB 404<\/a> and on February 22, the state Senate voted YEA along party lines (12-9). If passed in the House and signed by the Governor, this bill would phase out the state tax on interests and dividends over the next five years.<\/p>\n You can thank these Senators for voting for this bill:<\/p>\n Avard, Kevin \t Republican Sanborn stated to the UL: \u201cWe have spent the last four years reducing taxes to make the state more business friendly and now we are eliminating taxes for individuals, primarily retirees who count on this income to live,\u201d said Sanborn. \u201cIf we are to claim that New Hampshire is an income tax free state that should be reflective in our laws.\u201d<\/em><\/p>\n
\nBirdsell, Regina Republican
\nDaniels, Gary \t Republican
\nFrench, Harold \t Republican
\nGannon, William Republican
\nGiuda, Bob \t Republican
\nGray, James \t Republican
\nInnis, Daniel \t Republican
\nMorse, Chuck \t Republican
\nReagan, John \t Republican
\nSanborn, Andy \t Republican
\nWard, Ruth Republican<\/p>\n