2013: the year of legislative do-overs
Will Stewart, Greater Manchester Chamber of Commerce After meeting with defeat last year, Senate Bill 1, which doubles the state's Research and Development Tax Credit from $1 million to $2 million per year, was signed into law by Gov. Maggie Hassan last week as Greater Manchester Chamber of Commerce President & CEO Robin Comstock looked on. As we have noted before in this space, this increase, while needed and appreciated, still falls short of what we and other business advocacy groups feel to be an adequate an amount. That said, any increase is better than no increase, and for that we thank the Senate, the House and Gov. Hassan. Business Corporations Act revisions pass Senate If 2013 seems like a year of legislative do-overs, it is. As with Senate Bill 1, Senate Bill 41 attempts to resurrect a piece of legislation that failed last year. To wit: a bill revising the state's Business Corporations Act. It's now been more than 20 years since the the laws governing the formation of corporations have been revised. And while the changes are mainly technical, they do help make New Hampshire more business friendly. The Senate passed SB 41. Here's hoping it meets with a better fate in the House than it did last year. Infrastructure Bank coming to New Hampshire? In yet another legislative repeat, a bill to study the establishment of a state infrastructure bank, Senate Bill 192, recently passed the full Senate and will soon head to the House. Sponsored by Sen. Sharon Carson, R-Londonderry, the bill would see a study committee formed to look at the possible formation of an infrastructure bank similar to those in place in other states. While each such bank is different, infrastructure banks, generally speaking, are often established by state governments for the purpose of financing eligible state and local infrastructure projects with favorable repayment terms, i.e. below the cost of bonding such projects. Executive Councilors headline Legislative Dinner this coming Thursday, April 4 A holdover from colonial times, the New Hampshire Executive Council is one of the most unique - and misunderstood - bodies in all of American politics. As part of the Chamber's annual Legislative Dinner from 5 to 8 p.m., this coming Thursday, April 4, at the New Hampshire Institute of Politics, Executive Councilors Chris Pappas and Chris Sununu will join Chamber President & CEO Robin Comstock for a moderated discussion on the nature of that body and its relevance in the 21st Century. The Chamber's Legislative Dinner is held every year following Crossover. Its purpose is to bring together leaders of the business community with many of the 100 state legislators from across the greater Manchester region to form productive relationships that will help our legislators better understand the needs of the business community in general, as well as the particular needs of the Chamber's member businesses. Reserve your ticket today. |