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Should the state discontinue the money-losing Jobs Development Act program?

The state’s Jobs Development Act program has consistently lost money over the years but lawmakers have resisted making any substantive changes to the tax...
THE R.I. OFFICE OF REVENUE ANALYSIS has issued a report that finds the state's Jobs Development Act tax incentive program failed to break even in tax years 2019 to 2021 on a "general revenue basis." / PBN FILE PHOTO/CASSIUS SHUMAN

State report: Jobs Development Act fails to break even, but what...

A new state report on Rhode Island's tax incentive program Jobs Development Act shows that the program, which offers tax breaks to companies creating...
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

Legislators slow to address tax incentive program deemed ineffective

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...

R.I. tax incentive/credit programs account for $32.2M in FY20

PROVIDENCE – Tax credits and incentives under the state's Jobs Development Act, Historic Preservation Tax Credits and Motion Picture Production Tax Credits totaled $32.2...
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