Raimondo’s fiscal 2021 budget sees stable tax rates on banks, credit unions

PROVIDENCE – State taxes on banks and credit unions won’t change in fiscal 2021, according to Gov. Gina M. Raimondo’s proposed budget. Taxes on financial institutions, which includes all banks that fall under the Federal Reserve, will stay at 9% on net income apportioned to Rhode Island under the governor’s proposal, according to the R.I.…

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