RIPEC on Tangible Property Tax Exemption Legislation

Expressing support for tangible personal property exemption bills moving through the Rhode Island House and Senate, RIPEC President and CEO Michael DiBiase told the Rhode Island Current that the tangible tax is “onerous” and “discourages business investment.” Speaking with the Providence Business News about the proposed exemptions, DiBiase added that a tangible exemption would help the state become more competitive. Noting that the state ranks 42nd in terms of business tax competitiveness, DiBiase said that the “property tax is the most burdensome of the taxes businesses face in Rhode Island.”

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