Rhode Island is about to send millions of dollars to Washington. Here’s why.

By: Jorge Elorza

Outlets: Rhode Island Current

Published: July 6, 2026

Words: 929

Last Updated: 2 weeks, 3 days ago

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At a time when Rhode Island leaders are constantly searching for new resources, the state is on the verge of sending hundreds of millions of dollars out of Rhode Island and into the federal treasury.

The money in question comes from a new federal scholarship tax credit program that Congress recently enacted. The program gives taxpayers a simple choice: instead of sending up to $1,700 of their federal tax liability to Washington, they may …

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