corporate tax en RI Senate Passes State Budget; Awaits Governor's Approval <p>Governor Lincoln Chafee says he plans to sign into law the $8.7 billion budget passed Monday by the Rhode Island Senate. Senators took less than an hour to passing the spending plan on a 32-to-five vote.</p><p></p><p></p> Tue, 17 Jun 2014 12:31:52 +0000 Ian Donnis 35306 at RI Senate Passes State Budget; Awaits Governor's Approval Thursday, March 7, 2013 <p>Snow and heavy winds are in the forecast for today. There are varying opinions about a proposed corporate tax rate cut.&nbsp; These stories and more on the RIPR Morning News Podcast.<br>And Bill Gale previews Festival Ballet Providence’s program coming this weekend to the Vets in Providence.</p><p> Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.&nbsp; <a href=""></a></p> Thu, 07 Mar 2013 15:53:15 +0000 Lydia Rogers 11519 at Disagreement over Corporate Tax Rate Modifications <p>The business community is applauding a proposed cut in Rhode Island’s corporate tax rate.<br><br>In his latest budget, Governor Lincoln Chafee calls for cutting the corporate tax from 9 to 7 percent over three years.<br><br>Greater Providence Chamber of Commerce head Laurie White calls that a smart move. “It would be a welcome change. It’s not a game-changer. There are lots of factors that contribute to positive business climate rankings and profile, but this is certainly a welcome step.”<br> Thu, 07 Mar 2013 13:19:51 +0000 Ian Donnis 11507 at Chafee's budget calls for biz tax cut, more education spending <p>(PROVIDENCE, RI) Gov. Lincoln Chafee won positive reviews Wednesday night for a state budget with no new taxes and a reduction in the corporate tax. The governor’s spending plan also includes more money for education and creating jobs.</p><p>Chafee’s budget for the fiscal year starting July 1<sup>st</sup> takes a different approach from his last two spending plans. Rather than proposing new taxes, the governor defended a decision to cut the corporate tax from nine to seven percent over three years. He says doing that makes sense even though money for social services remains tight.</p> Thu, 17 Jan 2013 02:17:50 +0000 Ian Donnis 8626 at Chafee's budget calls for biz tax cut, more education spending