THE R.I. OFFICE OF REVENUE ANALYSIS, part of the R.I. Department of Revenue, last month issued a report asking state legislators to address flaws in the Jobs Development Act tax incentive program. PBN FILE PHOTO/CASSIUS SHUMAN
An R.I. Office of Revenue Analysis report critical of a 28-year-old tax incentive program intended to create jobs hasn’t exactly inspired legislators to move quickly to either overhaul the program or eliminate it. The study of the Jobs Development Act, an employee-based incentive program established in 1994, concluded that in the tax years 2016 to…
Hodge and Sasse are correct, the JDA should have been eliminated years ago, but wasn’t do to decades of incompetence in the Governor’s and Treasurer’s Offices as well as the General Assembly. The $140M in revenue lost to the the State of RI could have been spent on Schools and infrastructure.
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.
Hodge and Sasse are correct, the JDA should have been eliminated years ago, but wasn’t do to decades of incompetence in the Governor’s and Treasurer’s Offices as well as the General Assembly. The $140M in revenue lost to the the State of RI could have been spent on Schools and infrastructure.