Sen. Shaheen introduces bill to restore tax exemption for water utilities lost in 2017 tax law
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U.S. Sen. Jeanne Shaheen, D-NH, is introducing a bill to overturn a tax on water utility companies that her office calls an “unfair measure” in the Tax Cuts and Jobs Act of 2017, which resulted in a surprise $1.15 million tax bill for one New Hampshire company.
Shaheen is teaming up with Republican Sen. Lisa Murkowski of Alaska as co-sponsor, and New Hampshire Sen. Maggie Hassan is a co-sponsor as well.