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R.I. ends fiscal year with more than expected, thanks to inheritance tax payments

By September 22, 2016December 21st, 2017Uncategorized

estate-tax-return.ashx_PROVIDENCE, R.I. — Buoyed by an unexpected surge in inheritance tax payments, the state finished the 2015-2016 fiscal year with $28.6 million more revenue than expected and $22.5 million more than the prior year, according to a Department of Revenue report released Wednesday.The better-than-expected revenues were¬†“driven substantially by the receipt of large infrequently occurring estate tax payments of over $52 million in May and June 2016,” said state Revenue Director Robert Hull in the

Source: R.I. ends fiscal year with more than expected, thanks to inheritance tax payments

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Matthew J. Leonard, Esq. has devoted his practice to handling the legal needs of individuals and their business interests through all stages of life. As an attorney with the law firm of Salter McGowan Sylvia & Leonard, Inc., he has been engaged to handle matters from basic to sophisticated involving Estate Planning, Elder Law, Medicaid Planning, Probate, Trust and Estate Administration, Real Estate, Business Transactions, Business Creation and related litigation.