Winnipesaukee Forum - View Single Post

Descant · 03-10-2019, 02:20 PM

For the last several sessions, Republicans have filed bills to repeal the I & D tax. If you have a NH Trust, the trust does not have to pay the tax, and you do not have to be a NH resident to move your money here. One example, when the law changed, Cambridge Trust opened an office in Manchester, then Portsmouth, and Concord. Starting from scratch, so to speak, they recently passed the $1 billion mark for assets under management.
Now, instead of building on this success, the legislative majority has filed bills to repeal the reductions in BET/BPT, and they want to add Capital Gains to the I & T tax. May your veto pen never run out of ink, Governor Sununu.

03-10-2019, 02:20 PM	#26
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,039 Thanks: 1,212 Thanked 1,519 Times in 985 Posts	Repeal or add more? For the last several sessions, Republicans have filed bills to repeal the I & D tax. If you have a NH Trust, the trust does not have to pay the tax, and you do not have to be a NH resident to move your money here. One example, when the law changed, Cambridge Trust opened an office in Manchester, then Portsmouth, and Concord. Starting from scratch, so to speak, they recently passed the $1 billion mark for assets under management. Now, instead of building on this success, the legislative majority has filed bills to repeal the reductions in BET/BPT, and they want to add Capital Gains to the I & T tax. May your veto pen never run out of ink, Governor Sununu.