Exempts from taxation the property of the nonprofit Mount St. Rita Health Centre located in Cumberland, RI. The exemption would be effective as of December 31, 2025.
Maddy summaryThis bill updates the rules for how banks calculate their state tax liability when they earn income from both inside and outside the state. Starting with tax years beginning on or after January 1, 2025, it allows banks to choose a simpler method that taxes them based solely on their receipts from in-state business, replacing the previous requirement to average receipts, property, and payroll factors. Banks that do not make this election will continue to use the standard three-factor formula, while the law also provides options for both banks and tax officials to use alternative calculation methods if the standard rules do not fairly represent a bank's actual business activity within the state.
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.
Maddy summaryHB 7613 (Tax Preparers Act of 2013) imposes penalties on paid tax preparers who mislead clients or act as "ghost preparers" (failing to identify themselves on returns or comply with IRS PTIN requirements). The bill requires preparers to sign returns with their PTIN and mandates $500 penalties for failing due diligence on tax credits, plus $1,000 penalties for willful fraud or tax evasion. It also authorizes suspending or revoking preparers' licenses and requires publishing a list of suspended/revoked preparers. This directly affects paid tax preparers preparing returns for compensation, with penalties applying per affected return.
Maddy summaryHB 7210 adopts the Uniform Partition of Heirs' Property Act to streamline the division of family-owned real estate held in tenancy in common without clear ownership agreements. It directly affects property owners (cotenants) where 20% or more of interests are held by relatives or acquired through family inheritance. Key provisions require courts to determine if property qualifies as "heirs' property," order appraisals for fair market value, and allow cotenants to buy out others seeking a sale. The act replaces standard partition rules for qualifying properties and mandates specific notice procedures, applying to cases filed after January 1, 2027.
Maddy summaryThis House Resolution honors Representative Joseph J. Solomon Jr. for his distinguished service to the people of Rhode Island and specifically thanks him for his work on behalf of the citizens of Warwick. The document highlights his legislative achievements, which include sponsoring laws to address physician shortages, modernize banking taxes, support affordable housing, and protect seniors from financial exploitation. It also notes his advocacy for animal welfare, small business development, and public safety measures such as suicide barriers on bay bridges. Finally, the resolution extends its best wishes for his announced campaign for Attorney General and directs the Secretary of State to send a certified copy of the honor to Representative Solomon.
Requires any contractor performing construction or maintenance for RIDOT, RITBA or any other construction on any state roads have in place an attenuator truck/crash truck with an operational camera.
Maddy summaryThis bill designates the week of May 3 through May 9, 2026, as National Correctional Officers and Employees Week in Rhode Island. It directly affects correctional staff working for the state's Department of Corrections and the Rhode Island Brotherhood of Correctional Officers. The resolution serves to honor their service and raise awareness of the duties and sacrifices they make in safeguarding citizens. The Secretary of State is instructed to send certified copies of this recognition to the relevant department director and union president.
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.
Provides that no contract between a dental plan or other healthcare entity and a dentist requires the dentist to accept exclusively by virtual credit cards.
