The Economic Development Committee addresses issues relating to the New Hampshire economy and state economic development policy. The Fiscal Policy Committee examines issues around state government spending and taxation. The committees meet concurrently on the second Friday of each month at the BIA office in Concord. Meetings begin at 8:00 AM and are open to BIA members.
Meeting Schedule 2019 January 11th February 8th March 8th April 12th May 10th August 2nd September 13th October 11th November 8th December 13th
Chair (Fiscal Policy): Steve Lawlor, Nathan Wechsler
BIA staff contact: David Juvet, Senior Vice President, 224.5388 x115
Friday, October 11, 2019 8:00 a.m. - 9:30 a.m. Business & Industry Association 122 N. Main Street, Concord - 3rd floor
Fiscal Policy Co-Chair: Steve Lawlor - Nathan Wechsler Economic Development Co-Chair: Brien Murphy – Boyce Highlands
AGENDA 1. Introductions
2. A Conversation with NH Department of Revenue Commissioner, Lindsey Stepp There was a lot to unpack from the recently-passed compromise budget, especially for tax policy. Profound changes, such as moving to "single-sales" factor for BPT apportionment, and using a "market-based" nexus definition moving forward are just two of the changes that will impact how and when business taxes are collected.
And that's just the beginning. Other changes include tax conformity with federal IRS regulations and something called GILTI (Global Intangible Low Tax Income). And we have all heard about the business tax rates compromise, but what are the thresholds and what does it all mean?
Department of Revenue Commissioner Lindsey Stepp and the Department's tax policy counsel, Shaun Thomas, will be our guests and will walk us through all the changes. If you have an interest in state tax policy or if you want to know how the changes will impact your business, you will want to be at this session.
3. 2020 BIA Public Policy Priorities We will report back on BIA Board decision-making regarding committee work on BIA's 2020 policy priorities document.
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