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Saturday, November 23, 2024

Rhode Island local government gives Amazon $3 million in tax breaks

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Mike Dot/Adobe Stock Photo

Mike Dot/Adobe Stock Photo

Amazon received $3 million in subsidies, tax breaks, and grants from a Rhode Island community.

Advocacy group Good Jobs First, which opposes such subsidies, found Rhode Island provided the 37th-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Rhode Island is ranked behind New Mexico (1 project/$5 million), Arizona (2 projects/$5 million), and Nevada (5 projects/$3 million) and ahead of Maine (11 projects/$578,828).

The subsidy was granted by the Johnson local government, which offered $3 million to Amazon in a 20-year tax abatement, plus $2,700,000 from the State for road work.

There were no developments which received undisclosed subsidy amounts.

Rhode Island once lost $20 million by passing legislation to lower a company's corporate income tax rate.

The state is considered to have modest subsidy programs, but does publish annual reports on subsidies provided. 

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion. The state of Virginia was home to the largest portion of these taxpayer-subsidized Amazon projects. 

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

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