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Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Rhode Island’s largest source of state and local tax collections is property tax, which makes up 44.7 percent of the collections. Rhode Island allows medical marijuana, but whether it will legalize and then tax adult recreational marijuana is unclear. Governor Lincoln Chaffee indicated in a Bloomberg News interview that he may consider “whether to ‘regulate it and tax it in these tough times.’ ” 

*Exemption is $921,655. 

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