Rhode Island SB 955: AN ACT RELATING TO TAXATION -- STATEWIDE TANGIBLE PROPERTY TAX EXEMPTION (Phases in a permanent tax exemption over 5 years for tangible personal property of businesses of less than $250,000 of assessed value. Provides reimbursement from state revenues for the amount of lost tax revenue resulting from the exemption.)

Status: 05/09/2023 Committee recommended measure be held for further study (as of 2023-05-09)

State: Rhode Island · Session: 2023 · Bill: SB 955

Subjects: Business & Professions, Cities & Towns, Property, Taxation

Sponsors: Burke, Ciccone, DiPalma, Lombardo, Pearson, Rogers, Tikoian, de la Cruz

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