Budget & Taxes

died · Rhode Island · House Apr 16, 2026

HB 7162: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

HB 7162 would modify Rhode Island's personal income tax calculation by allowing the exclusion of public pension benefits administered by the Employees Retirement System from federal adjusted gross income. This change directly affects state and local government retirees who receive pensions through the Employees Retirement System. The key provision adjusts how these pension payments are treated for tax purposes, effectively reducing taxable income for eligible recipients. The bill is currently pending in the House Finance Committee after its January 16, 2026, introduction.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes public pension benefits from taxable income, providing tax relief to state/local retirees and reducing their tax burden.95% confidence

Sub-Topics Income Tax Pensions

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in committee · Rhode Island · Senate May 12, 2026

SB 2232: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX

Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects conveyance tax revenue from high-value property sales to fund affordable housing, advancing public housing initiatives through targeted taxation.95% confidence ✓ HousingSupports HousingBill mandates conveyance tax revenue from high-value residential sales be allocated exclusively to affordable housing programs within 2 years.95% confidence

Sub-Topics Affordable Housing Property Taxes

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signed · Rhode Island · Senate May 6, 2026

SB 2422: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2422 allows the town of Jamestown to expand tax exemptions for seniors aged 65+ who own and occupy their primary residence. It establishes income-based exemption tiers (10% to 60% off property taxes) based on household income relative to federal poverty guidelines, with stricter rules for higher-income seniors. To qualify, applicants must be Jamestown residents for five years, own only residential property (not income-producing), and provide proof of income. The bill does not change existing statewide tax rules but gives Jamestown local authority to adjust its senior exemption program through town ordinances.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for low/middle-income seniors via income-based exemptions, reducing their tax burden.90% confidence ✓ HousingSupports HousingProvides income-based property tax exemptions for seniors, reducing housing costs and advancing affordability for low-income elderly homeowners.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tags Seniors

died · Rhode Island · Senate May 28, 2026

SB 2364: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

SB 2364 raises Rhode Island's earned-income tax credit (EITC) percentage from its current rate to 30% for tax years beginning in 2027 and later. This change directly benefits low-to-moderate income workers and families who qualify for the EITC, particularly those with children. The bill amends Section 44-30-2.6 of Rhode Island's tax code to implement this increase, which will reduce the tax burden for eligible filers. The adjustment applies to the credit amount calculated based on federal income tax returns, not to overall tax rates. This policy change is effective starting in 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC percentage to 30% for low/mid-income earners, reducing tax burden and providing direct relief per tax code amendment.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases EITC to 30%, directly boosting income for low-to-moderate wage workers and families with children, aligning with expanded worker benefits.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Rhode Island · Senate May 12, 2026

SB 2031: AN ACT RELATING TO TAXATION -- PROPERTY TAX RELIEF

Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax relief (increased credit up to $850) for elderly/disabled homeowners, aligning with tax relief for lower/middle income groups.95% confidence ✓ HousingSupports HousingProvides tax credit for elderly/disabled renters/homeowners, reducing housing costs and increasing affordability for vulnerable groups.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters

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died · Rhode Island · Senate Feb 10, 2026

SB 2366: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

SB 2366 amends Rhode Island's personal income tax code to modify how tuition savings program contributions are treated for tax purposes. It allows taxpayers to subtract up to $500 ($1,000 for joint returns) annually from federal adjusted gross income for contributions made to Rhode Island's tuition savings program, with specific restrictions on what qualifies as a deductible contribution. This affects residents using the tuition savings program who claim tax deductions for contributions. The bill also clarifies rules for nonqualified withdrawals from these accounts and their tax treatment. The changes apply to tax years beginning on or after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for tuition savings contributions, offering tax relief to residents and modifying tax treatment per bill's explicit purpose.95% confidence ✓ EducationSupports EducationAllows tax deductions for tuition savings program contributions, increasing accessibility to higher education funding through tax incentives.92% confidence

Sub-Topics Income Tax Higher Education

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signed · Rhode Island · Senate Apr 10, 2026

SB 2041: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

SB 2041 authorizes the town council of Little Compton to establish a homestead exemption that reduces property taxes for residential homeowners. The exemption starts at 10% of the town's average property value in the first year and can be adjusted annually between 5% and 15% by town meeting vote. Registered voters who live in and own their homes automatically qualify, while non-voter residents must apply with ID and utility proof. Rental properties with fixed-year leases may also qualify under specific conditions. This bill directly affects Little Compton homeowners and renters meeting residency requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for homeowners via homestead exemption, reducing taxable burden for residential property owners as described in bill summary.95% confidence ✓ HousingSupports HousingReduces property taxes for homeowners, lowering costs and supporting affordable housing access for owners through homestead exemption.90% confidence

Sub-Topics Property Tax Property Taxes

died · Rhode Island · House Apr 28, 2026

HB 7239: AN ACT RELATING TO TAXATION -- CITY OF PROVIDENCE: TRANSFER OF PORTION OF STATE INCOME TAXES OF NEW EMPLOYEES OF NOT-FOR-PROFIT HEALTH CARE INSTITUTIONS AND EDUCATIONAL INSTITUTIONS

Provides that a portion of state income taxes from employees working at not-for-profit healthcare institutions, health service institutions, and educational institutions be allocated to the city of Providence.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects state income tax revenue from specific employees to fund Providence city services, increasing local government funding allocation through tax reallocation.95% confidence

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died · Rhode Island · House May 12, 2026

HB 7466: AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND INDIVIDUAL MARKET AFFORDABILITY ACT OF 2026

Enacts the RI individual market affordability act of 2026 to establish a program to help reduce out-of-pocket costs for low- and moderate-income consumers enrolled in individual health insurance coverage through the RI health benefits exchange.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes state-funded program to reduce health insurance costs for low/moderate-income residents, increasing government spending on public health affordability.95% confidence ✓ HealthcareSupports HealthcareReduces out-of-pocket costs for low/moderate-income individuals in state exchange plans, directly advancing affordability and access per bill summary.95% confidence

Sub-Topics Insurance

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in committee · Rhode Island · Senate Apr 28, 2026

SR 2237: JOINT RESOLUTION MAKING AN APPROPRIATION OF $3,000,000 TO THE RHODE ISLAND FOOD BANK

This bill appropriates $3 million from the state treasury for fiscal year 2026-2027 to the Rhode Island Food Bank. It directly supports the Food Bank’s 137 member agencies across Rhode Island, which serve communities facing heightened food insecurity. The resolution responds to rising demand (over 102,000 people using pantries in November 2025) and the loss of $9.5 million in federal SNAP benefits affecting up to 32,000 residents. The funds will be paid via state vouchers to the Food Bank as needed, supplementing reduced federal support. This is a funding measure, not a new policy.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $3M from state treasury to fund food bank services addressing food insecurity, directly supporting essential public program through budget allocation.95% confidence

Sub-Topics Appropriations

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