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Morse, Bradley Support Repeal of Electric Consumption Tax, Biomass Study

Source: 
Targeted News Service

The New Hampshire State Senate issued the following statements by Senate President Chuck Morse and Senate Majority Leader Jeb Bradley:

The Senate will bring forward an amendment during the committee of conference on HB 517 to begin addressing the New Hampshire's high energy costs by repealing the electric consumption tax in Fiscal Year [FY] 2019. This amendment will also include a study committee to look at New Hampshire's biomass industry in FY 18.

"We have continued to hear from homeowners as well as businesses large and small that energy prices are too high and they are right. New Hampshire's energy costs are 40% greater than most other states and are among the highest in the country," said Senate President Chuck Morse (R-Salem). "Working alongside Governor Sununu, we've listened to our constituents concerns and recognized the positive impact eliminating the electric consumption tax would have on lowering energy costs."

"At a time when New Hampshire is in a positive financial position and generating good revenues, we need to take steps to lessen the burden on energy ratepayers. Reducing energy costs for energy consumers, including homeowners, small businesses and manufacturers in New Hampshire is something we can all support because it positively affects each person and business in every community in this state," added Morse.

"Lowering the cost of energy by eliminating the electric consumption tax is one way we can work to bring down rising energy costs for all ratepayers across the Granite State," said Senate Majority Leader Jeb Bradley (R-Wolfeboro). "Governor Sununu has also requested that we take a deeper look at the biomass industry as a whole in the State of New Hampshire. We fully support this effort and the amendment will include a study beginning in FY 2018."

"The burden of high energy costs in New Hampshire has prevented ratepayers, including small businesses, from putting their money back into the local economy. It also limits our state's employer's ability to grow, create jobs, and expand in our state."

"We know for a fact that businesses have chosen to take their work elsewhere citing the overly costly energy rates affecting each community. We have the opportunity to reduce electric costs and beyond this measure that we are going to introduce as part of the state budget, we must work to ensure that New Hampshire is a low-cost, competitive state in which to run a business," said Bradley.

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