Study: gay marriage could mean $1.2 million for RI
PROVIDENCE, R.I.—A new study says authorizing gay marriage in Rhode Island would be a boon for government coffers.
The Williams Institute at the University of California, Los Angeles School of Law says Rhode Island stands to generate nearly $1.2 million in new government revenue over three years if the state allows gay and lesbian couples to marry.
The new revenue would come primarily in the form of additional tax revenue. The study estimates that same-sex weddings would generate $400,000 in new sales tax dollars over three years.
Also, married couples filing their state taxes jointly would pay an estimated $786,000 in new income taxes over the same period.
Rhode Island lawmakers voted last year to permit same-sex couples to form civil unions after gay marriage legislation failed.