Momentum finally building for R.I. tangible tax exemption

SENATE PRESIDENT Dominick J. Ruggerio has thrown his support behind legislation that would exempt businesses from being taxed on up to $100,000 of tangible property, such as office furniture or computer equipment. PBN FILE PHOTO/MICHAEL SALERNO
SENATE PRESIDENT Dominick J. Ruggerio has thrown his support behind legislation that would exempt businesses from being taxed on up to $100,000 of tangible property, such as office furniture or computer equipment. PBN FILE PHOTO/MICHAEL SALERNO

Small-business owners in Rhode Island for years have called for a tangible asset tax exemption, but it could never gain enough support from state lawmakers. Now with the state’s projected budget surplus and support from Senate leadership, observers say the long-considered idea is poised to become reality. Senate President Dominick J. Ruggerio recently unveiled a

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