Rhode Island individual income tax collections drop 0.6% in 2024 compared to previous year

In 2024, Rhode Island collected $5.3 billion in total tax revenue, including $1.6 billion from individual income taxes. This amount reflects a decrease from the prior year’s total of $1.6 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them…

Story continues

TRENDING NOW

LATEST LOCAL NEWS