As New Hampshire budget writers faced a June 30th deadline, Revenue Commissioner Kevin Clougherty presented the House-Senate Committee of Conference a memo outlining 11 suggestions to increase state revenues, including the controversial LLC Tax now generating opposition from New Hampshire’s small business community. Clougherty’s June 15th Memo contained five tax changes that were eventually adopted in the state budget law HB2, one that continues to be implemented by the Department of Revenue Administration (Like Kind Exchanges), and five suggestions that were put on the shelf. When the Legislature revisits the widening state budget gap in 2010, it is likely to revisit these five suggestions. Here is a preview of five changes in tax law likely to be considered next year.

Shira Schoenberg reports in the Concord Monitor that state tax collectors sent out instructions to business owners, even though the Department of Revenue Administration hasn’t written the rules yet.