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5/5/2023
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Media Advisory: Business owners, state and local leaders to highlight tangible tax relief proposal
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STATE HOUSE – Sen. Melissa A. Murray (D-Dist. 24, Woonsocket, North Smithfield) and Rep. Brandon T. Voas (D-Dist. 57, Cumberland, Central Falls) will be joined by local small business owners, as well as state and local leaders, next week to highlight legislation (2023-S 0928, 2023-H 6333) that would exempt the first $100,000 of tangible property from the personal property tax for businesses statewide.
The event will be held Tuesday, May 9, at 1 p.m. at Kay’s Restaurant, located at 1013 Cass Ave. in Woonsocket. It will be held outside on the patio at Kay’s, weather permitting, and moved inside the restaurant in the event of inclement weather.
Elected officials and business owners will discuss the logistical and financial burdens the tangible tax creates for businesses and municipalities. Members of the media will have an opportunity to ask questions of the participants following a speaking program.
Joining Sen. Murray and Rep. Voas will be:
Woonsocket Mayor Lisa Baldelli-Hunt
David Lahousse, President, Kay’s Restaurant
Elyse Paré, Owner, Graze on Main
Elizabeth Catucci, President, Northern Rhode Island Chamber of Commerce
Michael DiBiase, President & CEO, Rhode Island Public Expenditure Council
Senate President Dominick J. Ruggerio
The tangible personal property tax is paid by businesses on property other than real estate that has value by itself, such as computer equipment, furnishings, and fixtures. The proposed exemption would completely eliminate the tangible tax for an estimated 85% of businesses statewide.
Additional information on the proposed $100,000 exemption is available here.
For more information, contact:
Greg Pare, Director of Communications for the Senate
State House Room 112
Providence, RI 02903
(401) 276-5558
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