Home Economy Government Momentum finally building for R.I. tangible tax exemption

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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