PBN: Five Questions With: Joseph M. McNamara
By Mary MacDonald - January 25, 2018 4:30 am
Rhode Island has an aging population and one of the oldest housing stocks in the country. To help the physically disabled and seniors remain in their homes, Rep. Joseph M. McNamara, D-Warwick, has introduced a bill that would provide a tax credit for improvements meant to make houses accessible.
His bill (2018-H 7142) would provide a credit against state personal income tax worth 50 percent of the renovation cost, up to a maximum of $5,000. The bill would apply to retrofits of existing houses and new homes that have accessible features.
McNamara, who was first elected in 1994, argues the loss of state tax revenue will be more than made up by lessened state expenditures on nursing home care. He spoke to the Providence Business News this week about his bill.
PBN: You first introduced the bill last session. What is the feeling this year on its passage?
Courtesy of Providence Business News