HB145 (2008) Detail

Establishing an education funding study committee.


HB 145 – AS INTRODUCED

2007 SESSION

07-0662

09/04

HOUSE BILL 145

AN ACT establishing an education funding study committee.

SPONSORS: Rep. Almy, Graf 11; Rep. Osborne, Merr 12

COMMITTEE: Ways and Means

ANALYSIS

This bill establishes an education funding study committee.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

07-0662

09/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Seven

AN ACT establishing an education funding study committee.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Committee Established. There is established an education funding committee to study the revenues obtainable from a range of funding options now in use in New Hampshire and the potential impacts of such funding options on the state’s economy and existing revenue base.

2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the house ways and means committee, appointed by the speaker of the house of representatives.

(b) Three members of the senate ways and means committee, appointed by the president of the senate.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

3 Duties. The committee shall study:

I. The following revenue sources:

(a) A tax on all personal income.

(b) A tax on retail sales of goods.

(c) A tax on retail sales of goods and services.

(d) A value-added tax on goods and services.

(e) A tax on legalized slot machines, whether in a single casino or multiple casinos.

(f) Any other revenue sources which seem relevant.

II. The following issues:

(a) Other taxes which would need to be repealed or adjusted to avoid double taxation.

(b) Constitutionally reasonable levels of exemption.

(c) The rate at which a pre-established level of revenue would be received.

(d) The economic impact on businesses and individuals at that rate, including cross-border competition and the consequent impact of the state’s revenues and expenditures.

(e) Costs of administration.

(f) Stability over time.

(g) Other factors which seem relevant.

4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.

5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2007.

6 Effective Date. This act shall take effect upon its passage.