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Ri Corporation Form

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small businesses in Rhode Island may be getting some tax relief There's A Renewed push to scale back the tangible tax that's often a financial and administrative burden on small businesses Senate leadership announced this morning they support the move Anita buffone joins us now with how much relief could be coming Anita well the tangible tax is imposed on businesses for items like computers and Furniture if the proposed legislation becomes law analysts say the unpopular tax would be eliminated for 85 percent of Rhode Island businesses for lincoln-based business Roadie rug there are a lot of items subject to the tangible tax from their rug making equipment to telephones I believe it's erroneous tax and the amount of paperwork that goes with that is very time consuming the tangible tax covers any property other than real estate Senate President Dominic ruggierio is backing a new proposal looking to create a Statewide tangible property tax exemption of one hundred

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