Budget & Taxes (Business Taxes)

died · Rhode Island · House May 7, 2026

HB 8438: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Allows a modification to federal adjusted gross income for personal income tax for qualified tips and overtime income consistent with the federal tax treatment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill aligns state tax treatment with federal rules for tips and overtime, providing tax relief to workers and promoting fiscal fairness.85% confidence

Sub-Topics Business Taxes Income Tax

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died · Rhode Island · House Apr 28, 2026

HB 8450: AN ACT RELATING TO CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- RHODE ISLAND BUSINESS CORPORATION ACT -- THE RHODE ISLAND BUSINESS CLIMATE REFORM ACT

Adopts several concepts from other jurisdictions with the goal of promoting a stronger climate for business growth in Rhode Island, including a "Franchise Fee" in lieu of the corporation tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill replaces corporation tax with a franchise fee to promote business growth and improve the business climate.90% confidence

Sub-Topics Business Taxes

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passed · Rhode Island · Senate Jun 5, 2026

SB 2847: AN ACT RELATING TO TAXATION -- STATE TAX OFFICIALS

Caps delinquent tax interest rate at 12%. Prohibits audits beyond 3 years from date of tax filing, 7 years for fraudulent filings, and in no event beyond 10 years from date of filing or required filing date, whichever is later.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill caps interest rates and limits audit periods, reducing excessive state revenue collection and protecting taxpayers from prolonged financial burdens.85% confidence

Sub-Topics Audits & Accountability Business Taxes Sales Tax

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died · Rhode Island · Senate May 28, 2026

SB 3017: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Allows a modification to federal adjusted gross income for personal income tax for qualified tips and overtime income consistent with the federal tax treatment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by aligning state tax treatment with federal treatment for tips and overtime, benefiting middle and lower income workers.85% confidence

Sub-Topics Business Taxes Income Tax

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signed · Rhode Island · Senate Jun 19, 2026

SB 2815: AN ACT RELATING TO TAXATION -- STATE TAX OFFICIALS

Extends the timeframe for the division of taxation to review nonresident contractor cases and provide a specific penalty for noncompliance with the statute's withholding requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill strengthens tax enforcement by extending review timeframes for nonresident contractors and adding penalties for noncompliance, improving fiscal accountability.85% confidence

Sub-Topics Business Taxes

passed · Rhode Island · Senate Jun 11, 2026

SB 2823: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Establishes a child tax credit in the amount of three hundred thirty dollars ($330) for eligible taxpayers adjusted for inflation annually commencing January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a child tax credit providing direct financial relief to families, which aligns with tax relief and supports lower/middle income households.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Tags Children

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died · Rhode Island · Senate May 21, 2026

SB 3160: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax rate for low-income housing properties, supporting affordable housing initiatives and public welfare programs.85% confidence ✓ HousingSupports HousingBill establishes a tax rate for properties with low-income housing deed restrictions, indicating support for affordable housing initiatives.85% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives Affordable Housing Historic Preservation Property Taxes

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in committee · Rhode Island · Senate Mar 24, 2026

SB 3131: AN ACT RELATING TO TAXATION -- CIGARETTE, OTHER TOBACCO PRODUCTS, AND ELECTRONIC NICOTINE-DELIVERY SYSTEM PRODUCTS

Defines an alternative nicotine product as any noncombustible product without tobacco leaf but nicotine from another source and also taxes alternative nicotine products at $2.00 per container up to 20 units.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new taxes on nicotine products, increasing state revenue for budget purposes.85% confidence

Sub-Topics Business Taxes Sales Tax

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died · Rhode Island · Senate Apr 30, 2026

SB 3154: AN ACT RELATING TO TAXATION -- WEALTH PROCEEDS TAX

Imposes a tax equal to four percent (4%) on net investment income, such as interest, dividends, annuities, royalties, capital gains and rental income, of high-income households, estates and trusts, based upon federal guidelines.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes wealth proceeds tax on high-income households, increasing government revenue for public services and promoting fiscal responsibility.90% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Rhode Island · Senate May 12, 2026

SB 2549: AN ACT RELATING TO TAXATION -- TAX ON GAINS FROM THE SALE OR EXCHANGE OF REAL PROPERTY

Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax on short-term real estate gains to close loophole, enhance tax collection, and strengthen fiscal management per bill summary.95% confidence

Sub-Topics Business Taxes

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