Category: Economy, Budget and Taxes
HB 673 (2015) establishing a retail sales tax.
House/Senate Bill: House
Description: Imposes a 2.25% retail sales tax. The bill also imposes a 2.25% use tax on the use or storage of property in New Hampshire when no sales tax has been paid. Use tax is imposed, for example, when a New Hampshire business buys property out of state tax-free and uses it in New Hampshire. It also applies when a business makes personal use of property that it has purchased for resale or has manufactured for sale. Sales for resale, casual sales, and sales of specific items such as gasoline, heating oil, medical supplies, and items of clothing under $175 are all exempt from taxation.
Bill Sponsor: Gilman Shattuck
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Thu, 02/19/2015
Next Voting Date: Wed, 03/11/2015