CARES Act
N.H. CARES Act Money Nearly Gone
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What it does not spend, projected to be between $40 million and $75 million, will go into the state Unemployment Trust Fund to reduce premiums for business owners.
InDepthNH.org (https://indepthnh.org/tag/cares-act/)
What it does not spend, projected to be between $40 million and $75 million, will go into the state Unemployment Trust Fund to reduce premiums for business owners.
The Joint Legislative Fiscal Committee approved using more than $28 million in CARES Act money to backfill programs funded by the state or the federal American Rescue Plan Friday.
The House Ways and Means Committee unanimously backed raising the threshold for businesses to pay the business profits tax, but wants more information before deciding whether to exempt Payment Protection Program grants from state tax liability.
The House Ways and Means Committee wants to investigate what exempting federal grants from business tax liability will mean to the state’s revenues.
Gov. Chris Sununu signed a comprehensive police reform bill and one that will allow New Hampshire residents to soon have the lowest drug price for insulin by importing the drugs from Canada, he announced at his regular COVID-19 new conference on Thursday.