RI Considers Tax-Free Zones Near Universities

Law360, New York (March 18, 2014, 3:55 PM EDT) -- Rhode Island will create tax-free zones to attract new businesses to relocate near the state’s universities under a bill currently being considered by the state Legislature.

The Start-Up Rhode Island Tax-Free Zone Program, introduced in the Rhode Island House of Representatives on Thursday, would allow lawmakers to designate areas near the state’s public and private universities where businesses would be exempt from state income, business, corporate, local or franchise taxes and fees for a period of up to 10 years.

The businesses would be selected based...
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