NHBR Article

BIA forum to probe LLC tax change

Wednesday, January 13, 2010

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A forum focusing on the controversial tax on distributions from limited liability companies will be part of the Business and Industry Association’s fifth annual Small Business Day at the State House.

The event, will be held from 7:30 to 11:30 a.m. Jan. 27 at the Holiday Inn in Concord.

A panel made up of opinion leaders, legislators and tax policy experts is expected to cover such topics as the original of the tax change, who it covers, how much revenue it is expected to raise, its effect on the state’s business climate and the prospects of its repeal.

“The BIA has a strong interest in connecting small-business owners and managers to state policymakers and to provide a forum to make their voices heard on issues that impact their bottom line,” said BIA President Jim Roche. “The expansion of the interest and dividends tax to distributions from LLCs and partnerships—which has generated substantial confusion, frustration and misunderstanding—is one such issue.”

Other highlights of Small Business Day at the State House include a panel discussion with the state’s top elected legislative leaders – including Senate President Sylvia Larsen, House Speaker Terie Norelli, Senate Minority Leader Peter Bragdon and House Minority Leader Sherm Packard -- and a New Hampshire Small Business Development Center workshop, “Recovery to Growth: Where are the opportunities?” which is designed to help small businesses explore recovery and growth opportunities through government contracting, email marketing and other innovative strategies.

Gov. John Lynch also has been invited to make welcoming remarks.

The BIA’s annual event is held in partnership with the SBDC and local and regional chambers of commerce and business associations. It is sponsored by Public Service of New Hampshire, the New Hampshire Division of Economic Development and media sponsor New Hampshire Business Review.

Cost to attend is $15 per person and includes continental breakfast. To register, call 603-224-5388, ext. 116, or visit nhbia.org.

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