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Rhode Island Weighs Bill to Let Cities Levy Taxes on Nonprofits

Rhode Island Weighs Bill to Let Cities Levy Taxes on Nonprofits
March 30, 2012

Providence's mayor urged Rhode Island legislators Thursday to approve legislation that would allow the state's cities to charge colleges and other nonprofit institutions taxes of up to 25 percent of what they would owe if they were taxable entities, The Boston Globe reported. Providence is among numerous cities that have been looking to their tax-exempt institutions to help it fill budget gaps left by state budget cuts and declines in other revenues.


 

 

 

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