Business groups seek steeper cut in tax penalty interest rate

GOV. DANIEL J. MCKEE has proposed cutting the interest rate on delinquent taxes owed to the state of Rhode Island from 18% to 12%, but some groups feel it isn’t a steep enough cut. Business leaders are seeking a drop to 6%, more inline with the national average. Pictured is a the R.I. Statehouse. / PBN FILE PHOTO/CASSIUS SHUMAN
PROVIDENCE – Gov. Daniel J. McKee has proposed cutting the interest rate on delinquent taxes owed to the state of Rhode Island from 18% to 12%, but some groups feel that the cut isn’t steep enough. David M. Chenevert, executive director of the Rhode Island Manufacturers Association, said the governor’s proposal is aimed at matching…

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1 COMMENT

  1. Leave the rate where it is and let them man up pay their taxes on time.
    Thanks to Seth, Dan and Gina this State is already in tough enough shape financially. No need to coddle delinquent tax payers.