Last Update: March 21 @ 11:04 PM
From the May 4, 2009 edition
LETTERS TO THE EDITOR
Lowering sales tax rate may just increase shopping in R.I.
To the Editor: Regarding eliminating the sales tax in Rhode Island for a weekend (“Proposed R.I. tax holiday stalls in House committee,” April 6), how about trying a rate between 7 percent and zero? Concern is that eliminating the tax will hurt state revenue. According to the article, that’s what happened with Massachusetts’ sales tax hiatus in 2008. So might cutting Rhode Island’s sales tax to, say, 3 percent encourage shoppers while still generating tax revenues? Does any state have experience with a temporary tax reduction? More »
This item is available in full to subscribers. Please log in to continue.
To purchase a copy of this article for $2.00, click here.
Latest Local Press Releases
View / Post »
From the PR Newswire
View All »

Contents of this site are all Copyright © 2010, Providence Business News. All rights reserved. Powered By: Creative Circle Advertising Solutions, Inc.