The Tax Foundation awarded Gov. Gina Raimondo (D) and House Speaker Nicholas Mattiello (D) “Outstanding Achievement in State Tax Reform” for their recent work on Rhode Island’s tax code.
Raimondo and Mattiello accepted the awards at the Rhode Island Public Expenditure Council’s 75th Annual Meeting held Oct. 1 at the Rhode Island Convention Center.
As part of her fiscal year 2017 budget, Raimondo proposed changes to the unemployment insurance (UI) tax paid by employers and lowered the amount the trust fund is required to hold in reserve.
Speaker Mattiello in the fiscal year 2018 budget helped enact legislation that will gradually phase out motor vehicle excise tax. Prior to Mattiello’s reforms, a 2017 study by WalletHub found that Rhode Island’s motor vehicle tax was the highest in the country.
“Rhode Island Governor Gina Raimondo (D) and Speaker of the House Nicholas Mattiello (D) not only saved money for Rhode Island taxpayers but also made the state’s tax code more efficient,” says Tax Foundation Policy Analyst Katherine Loughead. “These reforms are indicative of a thoughtful approach to enact policies that benefit businesses and individuals in Rhode Island.”