The NH House has voted to roll back the research and development tax credit for businesses in order to increase interest and dividend tax deductions for individuals.

The House voted 182-143 on Thursday to OK House Bill 1554 at the same time that the Senate voted 12-9 to pass Senate Bill 404, which would phase out the I&D tax altogether – a move that would eventually cost the state treasury $100 million, according to the Senate bill’s fiscal note. | More at NHBR