corporate tax

8:31 am
Tue June 17, 2014

RI Senate Passes State Budget; Awaits Governor's Approval

Senate Finance chairman Daniel DaPonte during the budget discussion.
Credit Ian Donnis / RIPR

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.

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Morning News Podcast
10:53 am
Thu March 7, 2013

Thursday, March 7, 2013

Snow and heavy winds are in the forecast for today. There are varying opinions about a proposed corporate tax rate cut.  These stories and more on the RIPR Morning News Podcast.
And Bill Gale previews Festival Ballet Providence’s program coming this weekend to the Vets in Providence.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.

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8:19 am
Thu March 7, 2013

Disagreement over Corporate Tax Rate Modifications

The business community is applauding a proposed cut in Rhode Island’s corporate tax rate.

In his latest budget, Governor Lincoln Chafee calls for cutting the corporate tax from 9 to 7 percent over three years.

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.”

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9:17 pm
Wed January 16, 2013

Chafee's budget calls for biz tax cut, more education spending

Gov. Lincoln Chafee delivers his State of the State address
Credit Ian Donnis

(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.

Chafee’s budget for the fiscal year starting July 1st 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.

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