State report: Jobs Development Act fails to break even, but what to do about it?

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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
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

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 jobs, did not break even between 2019 and 2021 on a “general revenue basis.” But don’t expect drastic measures to be taken. The Sept. 28 evaluation assembled by the R.I. Office

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