H8450 — Adopts several concepts from other jurisdictions with the goal of promoting a stronger climate for business growth in Rhode Island, including a "Franchise Fee" in lieu of the corporation tax.

H8450 — Adopts several concepts from other jurisdictions with the goal of promoting a stronger climate for business growth in Rhode Island, including a "Franchise Fee" in lieu of the corporation tax. · Informed CitizenryH8450 proposes significant changes to how businesses are taxed and structured in Rhode Island under what is called the 'Rhode Island Business Climate Reform Act.' The core of this legislation invol…Open in Informed Citizenry