Historic Tax Credit Program at Risk

[Jenkins]

I fully disagree with your assessment on the second part of your statement- eliminating waste, streamlining processes, and playing up the attractive features of rhode island would far more effectively help RI "gain traction" economically than lowering taxes for the VERY WEALTHY - who do you think are buying the historic tax credits in the first place to lower their tax burden? It sure ain't me or you, or the vast majority of rhode islanders. Its the guy who pays big bucks for accountants and attorneys to save him money on his taxes.

[Frankie811]

Bill would narrow range of historic tax credits

A bill backed by House Majority Leader Gordon D. Fox, D-Providence, the sponsor of the original tax-credit law, would disqualify single-family houses, social clubs and properties that contain fewer than 10 residential units from the popular tax-credit program.

[riari]

4/2/08 Projo:

tax credit will soon be history

4/6/08 Projo:

tax credit program will be missed

[Lone Ranger]

Rhode Island is the definition of a sorry state of affairs.

I'm sorry to be nothing but bitter, but what else can you be after a decision like this?

Backwards and loving it in the littlest state.

[CtownMikey]

We shouldn't need to rely on tax breaks to attract the investment that it has brought..

[Lone Ranger]

Maybe true in an ideal world, but in the real world, the fact of the matter is that our already stagnant economy is losing even the impetus that the HTC program brought in yet another example of truly regressive leadership at work.

[CtownMikey]

I say fix the state's money issues.. avoid these deficits in the 100s of millions, and then consider bringing the program back, or some form of it.