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mrTruli 03-18-2011 09:14 AM

New Hampshire trying to pass Gambling tax repeal HB 157
 
New Hampshire legislative body is trying to pass a gambling tax repeal bill that people should look into. The status changed to "INEXPEDIENT TO LEGISLATE" yesterday but I had a report that it already passed the house by an overwhelming "Yea" voice vote.

Bill: http://www.nhliberty.org/bills/view/2011/HB157
Bill text: http://www.gencourt.state.nh.us/legi...11/HB0157.html
Bill status: http://www.gencourt.state.nh.us/bill...llnumber=HB157

mrTruli 03-18-2011 09:22 AM

Re: New Hampshire trying to pass Gambling tax repeal HB 157
 
Article about it: http://www.seacoastonline.com/articl...NION-103150318

Fortunately, everyone is agreeing that the gambling taxes being collected do not exceed the losses in lottery and racing revenues, making the repeal a no-brainer because overall revenues to the state will increase upon repeal. Ways & Means heard the testimony of the Lottery Commission and the Racing and Gaming Commission, who have come to the same conclusion that this tax must go.

The Full House will take up the bill this week. The Senate has already passed a similar repeal and the governor is ready to sign this repeal. The lesson learned here is that taxing or increasing a tax on something sometimes leads to the state losing revenue instead of gaining revenue.

mrTruli 03-20-2011 11:58 AM

Re: New Hampshire trying to pass Gambling tax repeal HB 157
 
Actually they killed the HB157 and passed HB229 with almost identical language:
http://www.gencourt.state.nh.us/bill...llnumber=hb229

Bill text: http://www.gencourt.state.nh.us/legi...11/HB0229.html

And here(with links to the bills being repealed): http://www.nhliberty.org/bills/view/2011/HB229

Btw: III. "Gambling winnings'' means winnings from lotteries and games of chance including, but not limited to bingo, slot machines, keno, poker tournaments, and any other gambling winnings subject to federal income tax withholding.

Skallagrim 03-20-2011 12:32 PM

Re: New Hampshire trying to pass Gambling tax repeal HB 157
 
NH's "Gambling winnings" tax has been a source of controversy both before and after its passage. There is a pending lawsuit challenging some aspects of it, and no one agrees on other aspects. It is a mess and a very poorly written law.

But the fact that the lottery guys are against it should end the matter without the rest of us really needing to do anything. From what I have heard the repeal of this law is pretty much a done deal already.

Skallagrim

Rich Muny 03-21-2011 02:46 PM

Re: New Hampshire trying to pass Gambling tax repeal HB 157
 
Quote:

Originally Posted by Skallagrim (Post 25525862)
NH's "Gambling winnings" tax has been a source of controversy both before and after its passage. There is a pending lawsuit challenging some aspects of it, and no one agrees on other aspects. It is a mess and a very poorly written law.

But the fact that the lottery guys are against it should end the matter without the rest of us really needing to do anything. From what I have heard the repeal of this law is pretty much a done deal already.

Skallagrim

Awesome!

Keyser Soce 03-26-2011 06:56 PM

Re: New Hampshire trying to pass Gambling tax repeal HB 157
 
Do you boys play any home games here in NH?


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