Tax Policy

For decades, the consumption of services has been making up a higher and higher percentage of  state economic activity. Yet many states' sales tax bases fail to capture the service-based economy.

Suggested State Legislation: Rhode Island Chapter 08-165 requires analysis and documentation of how certain financial incentives offered by the state to promote economic development impact the state economy. Generally, such incentives are offered through an economic development corporation, the state Distressed Areas Revitalization Act, state Jobs Development Act, a state Mill Building and Economic Revitalization Act, and the state Motion Picture Production Tax Credits program.

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