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HB 7396 Rhode Island House · 2026 Regular Session

AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT

Summary
Creates an affordable housing business tax credit as well as eliminate sales tax on any materials purchased for use in the renovation of affordable rental housing.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates business tax credit and eliminates sales tax on affordable housing renovation materials, providing tax relief for housing affordability programs.90% confidence ✓ HousingSupports HousingCreates affordable housing tax credit and eliminates sales tax on renovation materials, directly advancing affordable housing development per bill title and summary.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2026 Last action Jan 28, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
0
Jan 28, 2026
Introduced
01/28/2026 Introduced, referred to House Finance
lower
5 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Place
David Place
RRepublican
RI
47
P
Photo of Dick Fascia
Dick Fascia
RRepublican
RI
42
P
Photo of Marie Hopkins
Marie Hopkins
RRepublican
RI
21
P
Photo of Mike Chippendale
Mike Chippendale
RRepublican
RI
40
P
Photo of Paul Santucci
Paul Santucci
RRepublican
RI
53