PROVIDENCE -- An advisory panel has recommended lowering Rhode Island's personal income tax rates and reducing or eliminating corporate taxes.
The findings came Wednesday from a group assembled by Gov. Don Carcieri to review the state's tax policy amid a recession and budget crisis. Carcieri has blamed the tax system for driving away business.
The majority of the panel supported lowering the top personal income tax rate from 9.9 percent to 5.5 percent. A flat tax for top earners and other tax credits would be eliminated, meaning some of the rich could pay more.
The panel said it would support applying the sales tax to more goods and services only if the rate was reduced.
Carcieri has not decided whether to accept the recommendations.
Email
Facebook
Google
Twitter
Favorites
More
Advertisement