UPDATE: The House Ways and Means Committee will hold a hearing on HB 1607 on February 9, 2010 at 1:00 PM in the LOB Room 202.
This hearing is open to the public and will take public input.
BACKGROUND: Small Business Owners, the NH legislature is about to determine YOUR ANNUAL COMPENSATION.
HB 1607 is the legislation that, if passed, will allow the legislature to determine how much compensation you, as a small business owner, can receive. If YOUR elected officials determine a business owner has compensated him/herself over what is “Reasonable,” you and your business will be required to restate your earnings, which will trigger a combined 13.5% new tax on both your small company and your personal income above the “Reasonable Compensation” level.
What ever happened to allowing business owners to work hard and determine his/her own compensation? The tax and spend liberals don’t like this notion because it reduces the amount of revenue the State can collect and spend.
Your elected officials can determined that $50,000 in compensation is “Reasonable” regardless of the size of your LLC or sole proprietorship.
The only way to prevent this from being law is to contact the members of the House Ways and Means Committee. Click here to contact your representative.
Below are the Members of the Ways and Means Committee. Please call YOUR Representative first. Also be sure to E-mail AND CALL all of the Committee members.
Susan Almy (Chair), 266 Poverty Lane, Lebanon, NH 03766 #4B
448-4769 susan.almy@comcast.net
William Hatch (Vice), 79 Promenade St., Gorham, NH 03581
466-9491 hatchbill@hotmail.com
Frank Davis 514 Buck St., Pembroke, NH 03275
483-9953 FPDavis@comcast.net
Dennis Vachon PO Box 328, Northwood, NH 03261
664-9974 N/A
Gilman Shattuck 571 Center St.,Hillsborough, NH 03244
464-3850 g_shattuck@mcttelecom.com
John Kelley 12 Skyline Drive, Nashua, NH 03062
880-4083 jkelley-nashua@comcast.net
Ron Mack 21 Bittersweet Lane, Hancock, NH 03449
525-3650 r.mack2@rcn.com
William Johnson 53 Pinecrest Dr., Gilford, NH 03249
524-8949 billjohn4@metrocast.net
Susan Price 140 Wood Rd., Barrington, NH 03825
664-7826 susan.price@leg.state.nh.us
Robert Walsh 114 Weston St., Manchester, NH 03104
622-1023 bob.walsh@leg.state.nh.us
Norman Major 12 Kingston Rd., Plaistow, NH 03865
382-5429 nlbem@comcast.net
Mary Griffin 4 Wynridge Rd., Windham, NH 03087
432-0959 N/A
Priscilla Lockwood P.O. Box, Canterbury, NH 03224
783-4349 priscillalockwood@verizon.net
David Boutin 1465 Hooksett Road, Hooksett, NH 03106
#80 485-5153 dboutin1465@comcast.net
David Bettencourt 12 Peggy Lane, Salem, NH 03079
898-4653 N/A
Russell Ober 3 Heritage Circle, Hudson, NH 03051
883-9654 thud007@hotmail.com
Frank Sapareto 14 Oxbow Lane, Derry, NH 03038
894-7083 sapareto@comcast.net
Jordan Ulery PO Box 15, Hudson, NH 03051
882-8979 jordan.ulery@leg.state.nh.us
Joe Osgood 19 Whitcomb Lane, Claremont, NH 03743
543-0762 joejfcc@myfairpoint.net