RIPEC President and CEO on Rhode Island’s Estate Tax Burden

Michael DiBiase spoke to the Rhode Island Current about a proposal by the governor of Massachusetts to lessen that state’s estate tax burden, and what that proposal could mean for Rhode Island, one of only 12 states in the nation to levy an estate tax. “You often see when people are ready to retire or sell their businesses, they choose to move,” he said. “We lose out economically, because we lose that spending and the economic activity those people would generate if they stayed here.”

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