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Report: R.I. leaders should tailor Investment Tax Credit to manufacturing

PROVIDENCE – A new state report on Rhode Island’s Investment Tax Credit shows that between 2019 and 2021 the program did not break even...

Should the state discontinue the money-losing Jobs Development Act program?

The state’s Jobs Development Act program has consistently lost money over the years but lawmakers have resisted making any substantive changes to the tax...
THE R.I. OFFICE OF REVENUE ANALYSIS has issued a report that finds the state's Jobs Development Act tax incentive program failed to break even in tax years 2019 to 2021 on a "general revenue basis." / PBN FILE PHOTO/CASSIUS SHUMAN

State report: Jobs Development Act fails to break even, but what...

A new state report on Rhode Island's tax incentive program Jobs Development Act shows that the program, which offers tax breaks to companies creating...

R.I. tax income from recreational cannabis trails projections by 25%

Rhode Island’s budding recreational marijuana industry has a marketing problem. Just ask Jonathan Leighton, general manager of Mother Earth Wellness.  “Most people in Rhode Island...
THE R.I. OFFICE OF REVENUE ANALYSIS, part of the R.I. Department of Revenue, last month issued a report asking state legislators to address flaws in the Jobs Development Act tax incentive program. PBN FILE PHOTO/CASSIUS SHUMAN

Legislators slow to address tax incentive program deemed ineffective

An R.I. Office of Revenue Analysis report critical of a 28-year-old tax incentive program intended to create jobs hasn’t exactly inspired legislators to move...

Most-read stories on PBN.com, June 2021

1. RIDE, R.I. Department of Human Services ­announce Summer P-EBT benefits POSTED ONLINE: JULY 6. The R.I. Department of Education and the R.I. Department...

R.I. economic analysts share expertise on tax incentive evaluation with national...

PROVIDENCE – Rhode Island economic experts are leading the way when it comes to evaluating tax incentives. Two economic analysts with the R.I. Office of...
FILMING FOR "VAULT," a movie about the 1975 Bonded Vault heist, took place in downtown Providence in 2018. The film was released the following year. / PBN FILE PHOTO/JAMES BESSETTE

Is expanding the R.I. film tax credit program worth it?

Rhode Island lawmakers are hoping that increased funding for the state’s motion picture tax credit program will be the lure needed to reel in...

DOR: State COVID-19 grants will be taxed

PROVIDENCE – While the state is posed to lose “tens of millions” in tax revenue from forgivable payroll loans, the state’s COVID-19 relief grant...

DOR: State coffers won’t get boost from tax rules around forgivable...

PROVIDENCE - Already-strained state coffers won't get any help from new tax guidelines on forgivable Paycheck Protection Program loans but businesses will benefit. Rhode Island...
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