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HB 503 · 2025 · House · Ways and Means Committee

Tax increases for education funding

AI-generated

amending how revenues from taxes are allocated to the education trust fund.

Increases the rates of the business profits tax, business enterprise tax, and meals and rooms tax, reestablishes the interest and dividends tax, and directs the additional revenue to the education trust fund.AI-generated

Status

Killed in the House — Inexpedient to Legislate · March 6, 2025
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill increases the rates of the business profits tax, business enterprise tax, and meals and rooms tax, and reestablishes the interest and dividends tax. The bill provides for deposit of the additional revenue in the education trust fund.

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Thomas SchambergDPrime

Public testimony

87 signed in online · 15 wrote testimony

74% support26% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“The state has bills to pay. You can tax actual incoming cash, the money from interest and dividends over $20,000, or you can increase the property tax on the local level. The one taxpayer has $20,000 plus to use to cover this tax bill.…”
— Regina Conrad, Lyndeboroughsupports
“The state is facing an enormous budget crisis. Property owners in towns, especially the more rural towns are seeing their property taxes skyrocket as the state continues to fall short of fulfilling its constitutional obligation to provide an adequate education.…”
— Lee Wells, ANDOVERsupports
“We are running out of funding because of owering taxes. This must be reinstated”
— Ann Heffernon, N Swanzeysupports
“I strongly oppose this Bill which is nothing more than legalized theft. This is a tax increase for which there is no identifiable need for this money.…”
— Gordon Springate, Wiltonopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Hearings

  • 2025-02-1210:00 amHouse Ways and MeansLOB 203Public hearingrescheduled
  • 2025-02-1910:15 amHouse Ways and MeansLOB 201Public hearingrescheduled

Legislative history

  1. Jan 9, 2025HouseIntroduced (in recess of) 01/09/2025 and referred to Ways and Means HJ 3 P. 13
  2. Feb 12, 2025HousePublic Hearing: 02/12/2025 11:00 am LOB 203
  3. Feb 19, 2025HouseExecutive Session: 02/19/2025 10:15 am LOB 201
  4. Feb 21, 2025House==CANCELLED== Executive Session: 02/21/2025 10:15 am LOB 203
  5. Feb 19, 2025HouseMajority : Inexpedient to Legislate 02/19/2025 (Vote 16-3; RC) HC 14 P. 17
  6. Feb 25, 2025HouseMinority : Ought to Pass
  7. Mar 6, 2025HouseInexpedient to Legislate: MA RC 345-27 03/06/2025 HJ 7 P. 22

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.