CarriageTowneNews.com, Kingston, NH

My Opinion

July 19, 2012

My Opinion: July 19, 2012

(Continued)

SB-125 - To fulfill our commitment to reduce the highest business tax rate in the nation, new laws offer 10 forms of tax relief to employers to help them grow their business, including reforming the burden of proof for reasonable compensation, and doubling the carry-forward period for the Business Enterprise Tax (BET).

HB-2 and HB-229 - Two new statutes (laws) help our retailers, particularly those in state border communities, become more competitive and grow: (1) Eliminates the gambling winnings tax; (2) Repeals the most recent of the 4 tobacco taxes of the past 6 years.

HB-2 and HB-571 - The legislature cut a number of fees on: hotels, restaurants, motels, pet stores, fishing enthusiasts, those selling condominiums, and people getting married.

HB-605 - Directs the Business Finance Authority to establish an innovation business job growth initiative to promote investment for New Hampshire employers and to coordinate venture capital with start-ups statewide.

HB-242 - Increases the net operating loss carry-forward under the Business Profits Tax (BPT) from $1M to $10M, which reduces the tax burden on our businesses and makes our state more competitive in attracting and retaining employers

HB-518 - Extends the research and development tax credit encouraging businesses to continue to innovate, expand, and create new jobs.

HB-1418 - Expands the BET exemption 33% and indexes the exemption for inflation. The BET is a payroll tax and reducing it provides a strong incentive for employers to create good, new jobs here. With this change, 1/3 of New Hampshire businesses will not pay BET, and most of these will no longer have to incur the expense of filing, and eliminates the tax on Internet services.

HB-1221 - Allows businesses to apply BET credits quarterly, instead of annually. against their BPT, which will allow faster growth investments by New Hampshire's small businesses.

SB-97 - Cities and towns that are impacted by fire or other major acts of nature are now eligible for community revitalization tax relief to allow for the repair or rebuilding of damaged structures.

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My Opinion

US Politics
Obituaries
  • Alan J. Walker, 68

    Kingston, N.H. — Mr. Alan James Walker, 68, passed away peacefully at his home on July 8, 2014, after a long, brave battle with cancer.

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    3 hours
  • James Reese

    Raymond, NH — James Edwin Reese, 74, passed away on Wednesday, July 16, 2014, surrounded by his family and friends at his home in Raymond, N.H. He was the son of John and Ruth Reese, born on Oct. 29, 1939 in Edensburg, Pa. James graduated from Central Cambria High School in Pennsylvania before proudly serving in the U.S. Army as a food inspector. His military service was followed by 31 years with the U.S. Department of Agriculture as a meat inspector. Mr. Reese was an avid outdoorsman and spent much of his time fishing, camping and hiking in the White Mountains. He became involved in the Boy Scouts and enjoyed passing on his vast knowledge of the wilderness to others. Throughout his retirement years he enjoyed woodworking, raising rabbits and working in his garden.

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  • Velma J. Reid

    South Hampton, NH — Velma J. Reid, 80, died peacefully on July 17, 2014 at Exeter Hospital, surrounded by family. She was born in Haverhill, Mass. on June 8, 1934, the daughter of the late George C.W. and Alta I. (Kimball) Haynes. A graduate of Haverhill High School, Velma worked at Western Electric until she had children. For years, she was a devoted “stay-at-home” mom who raised her three children in a loving, nurturing environment. She later worked various manufacturing jobs until her retirement. After retiring, she volunteered her time at various organizations and was very involved at the East Kingston Community United Methodist Church as a member of the women’s guild, assisting with the holiday fair, and helping out wherever she could. She had a passion for animals, and would donate money, food, and blankets to the NH SPCA. She loved to sew and made a personalized quilt for every member of her family. She was also a member of the “Ugly Quilts” group, which made blankets and sleeping bags for the homeless using recycled fabric. She is survived by her husband, Clyde Reid of South Hampton, N.H.; daughter, Pam Eaton of Danville, N.H.; son and daughter-in-law, Douglas and Kim Reid of Raymond, N.H.; daughter, Shirley Reid of South Hampton, N.H.; two sisters, Gwen Stuart of Haverhill, and Norma Taplin of Dracut; four grandchildren, Cheryl and Marc Welch, and Kristen and Joshua Reid, and several nieces and nephews.

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  • Carleen A. Knowlton, 80

    Danville, NH — Carleen A. (Rhoadhouse) Knowlton, 80, of Danville and formerly of Hampstead, died on July 7, 2014, at her home.

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    7 days 1 Photo
  • Miriam O. (Graham) Graham, 84

    Kingston, NH — Miriam O. (Graham) Graham, 84, a resident of Kingston since 2001, and former longtime resident of Grafton, Mass., died peacefully, surrounded by her family, on July 11, 2014, following a long illness.

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