The budget the NH Senate is expected to pass this week will not only slightly accelerate already scheduled business tax cuts but greatly expand a tax break for businesses that buy qualifying equipment.

The budget, or rather the trailer bill that accompanied the budget, would increase the maximum upfront deduction allowed on a company’s business profits tax bill – known as the Section 179 deduction because of its place in the federal tax code – from $100,000 to $500,000. This change would bring it in line with the current federal code. More…

| NHBR