Legislative Updates by Rep. Maureen Mooney for November, 2021

Merrimack NH

15 November, 2021

8:22 AM

Description

Greetings! Here are some highlights of interest to Merrimack from the State House: - Eliminating the Interest and Dividends Tax by 2027: The budget (HB 2) passed this year was signed into law by the Governor and includes the phasing out of the "Interest and Dividends Tax" with its elimination by 2027. Here is the schedule: "77:1 Rate. I. The annual tax upon incomes shall be levied at the rate of 5 percent for all taxable periods ending before December 31, 2023. II. The annual tax upon incomes shall be levied at the rate of 4 percent for all taxable periods ending on or after December 31, 2023. III. The annual tax upon incomes shall be levied at the rate of 3 percent for all taxable periods ending on or after December 31, 2024. IV. The annual tax upon incomes shall be levied at the rate of 2 percent for all taxable periods ending on or after December 31, 2025. V. The annual tax upon incomes shall be levied at the rate of 1 percent for all taxable periods ending on or after December 31, 2026." See HB2 (2021) sections 91:89-91:95 here: http://www.gencourt.state.nh.us/bill_Status/billinfo.aspx?id=1080&inflect=2 - Decreasing the Rooms and Meals Tax Effective October 1, 2021: The budget which passed earlier this year decreased the rooms and meals tax to 8.5%. See HB 2 (2021) sections 91:103-104 here: http://www.gencourt.state.nh.us/bill_Status/billinfo.aspx?id=1080&inflect=2 - Redistricting: Every ten years based on census numbers, the state legislature determines geographic districts for Congressmen, State Senators, County Commissioners, Executive Councilors and State Representatives. Special Committees on Redistricting are formed in the House and Senate to take public input and determine district boundaries. As with other bills, the process for redistricting must proceed through the full House and Senate to the Governor. The is website will keep you informed of proposed maps and procedural updates in the House: http://www.gencourt.state.nh.us/house/committees/committee_websites/Redistricting_2021/default.aspx - Legislative Service Requests ("LSRs"): The filing periods have closed for 2022 bills in both the NH House and Senate. The full text for each bill is not yet publicized, but the list of LSRs is searchable by subject and sponsor is here: http://www.gencourt.state.nh.us/lsr_search/ - Community Happenings: On November 11, I attended three Veterans' Day events in Merrimack – Veteran Appreciation Merrimack Rotary Breakfast, Bells of Peace in conjunction with the Doughboy Foundation at Thomas More College, and Veterans' Day Ceremony at the VFW on Daniel Webster Highway. A special thank you to all Veterans and their families. Rep. Maureen Mooney is in her fourth term as a NH State Representative serving Merrimack. Her website is: www.votemooney.com and Facebook page is: https://www.facebook.com/maureenmooneynh.