NH non-profits would pay taxes under proposed legislation
Over the years, lawmakers have dabbled with the idea of eliminating property-tax exemptions for non-profits.
Based on hospital salaries alone, the expansion could generate $14 million in state revenues, said Hess, who relied on 4-year-old data compiled by the New Hampshire Hospital Association.
“Obviously, it’s nothing we’re in favor of,” said John Clayton, a spokesman for the New Hampshire Hospital Association. He said the organization has prepared remarks for a hearing — scheduled for 1:30 p.m. today before the House Ways and Means Committee — and would comment further then.
He said the Hooksett college added a residence hall last year and is building a library this year. It does business with hundreds of Hooksett-based vendors, he said.
The law applies to all for-profit business, and non-profits such as credit unions, retirement funds, labor organizations, social clubs and chambers of commerce.
In an email, the spokesman for Democratic Gov. Maggie Hassan said she will review the measure as it moves through the legislative process.
Hess, a deputy Republican leader in the House, and Kenneth Wyler, R-Kingston, are the only sponsors of the original bill.
Democrats have told him privately they like the idea of the bill, but they didn’t want to sign onto it, he said. As for his fellow Republicans?
Clinton has 'historic' lead in poll
Sources say former White House Chief of Staff Andy Card to be tapped as Franklin Pierce president
Randy Johnson, Pedro, Smoltz lead HOF ballot
Tough task for NH budget writers
Pipes and plans: A chance to show up Mass.
Teacher 'thrilled' at being reinstated
Paul, Christie share lead in primary poll
NH senators react to Hagel resignation