Amendment To Ban Income Tax Goes To Voters
New Hampshire voters will decide in November whether or not to add a ban on personal income taxes to the state’s constitution. On Wednesday, both the House and the Senate passed the proposed constitutional amendment.
House speaker Bill O’Brien says he believes the amendment will make the state more attractive to businesses.
I’m enthused about it. Absolutely, this is the protection that the people of New Hampshire have been asking for term after term. We know that because our state in the past went in the direction of having limited government, low taxes, and low spending, we’re one of the healthiest states in the country.
The House passed the measure by a vote of 256-110. The Senate passed it 19-4.
New Hampshire is one of nine states that does not tax personal income; although the state does tax interests and dividends.
Two-thirds of New Hampshire voters must support the proposed amendment this November in order for it to take effect.
Another proposed constitutional amendment that would have required a 60 percent threshold for raising taxes and fees did not pass the House.