Rep. Ohm, a high-tech company executive with more than 30 years of experience, served on the House Ways and Means during the past term.
As a member of the Ways and Means committee, Rep. Ohm served a critical role in accurately predicting the state’s revenue within 0.0003 percent of actual state receipts for fiscal year 2012. His committee was responsible for a resolution (HR 11) that not only accurately predicted state revenues, it also required legislators working on the budget to spend no more than the revenue prediction. It was this resolution that led to the Legislature’s 11 percent state budget reduction (HB 1 & HB 2) that also reduced taxes and fees without using any budgeting gimmicks or passing costs down to cities and towns.
Rep. Ohm was the prime sponsor of HB 1477, an environmentally conscious effort that reclassified “spent material” so that it has to be processed before use.
Rep. Ohm also co-sponsored a bill led by Rep. Carl Seidel that will give more time to start-up companies to recover their losses before having to pay taxes on their income. HB 242 increased the amount of losses investors can carry-forward on their business tax returns from $1 million to $10 million. This will very clearly increase the number of people willing to give seed money to entrepreneurs with good ideas, and that will definitely help the economy and families who depend on good-paying jobs.
According to his Web site, Rep. Ohm knows how to set priorities, manage budgets and complete complex programs to create real value. The MIT and Harvard Business School graduate has not only managed teams of more than 100 employees, he created more than 30 new jobs and consistently delivered profits for more than six years while leading ADE Technologies.
Upon re-election, Rep. Ohm wants to ensure New Hampshire keeps its status as a state without a sales or income tax to preserve the New Hampshire Advantage. Having these taxes on the books only gives weak lawmakers cause to keep spending and increasing the size of government, two actions that actually harm the private sector economy, he writes on his Web site.
“We want excellent public services and benefits for all citizens—good schools, hospitals, public safety, infrastructure and assistance for the unfortunate,” Rep. Ohm writes on his Web site. “New Hampshire can deliver these services by growing the private sector; by increasing the proportion of revenues from business rather than taxing individuals’ incomes.”
For more information on Rep. Ohm, visit www.billohm.com.