HB 6320 requires that in the city of Warwick, the tax rate for Class 1 property (typically residential) cannot be less than 57% of the tax rate for Class 2 property (typically commercial). This establishes a fixed ratio between the two property classes, ensuring Class 1 rates are proportionally lower but not arbitrarily set. The bill directly affects property owners in Warwick, as it governs how local property taxes are classified and applied by the city assessor. It applies retroactively to the December 31, 2024, property assessment and became law without the Governor's signature on June 18, 2025.
HB 6315 removes a 10% cap on certain investments for domestic insurance companies in the state. It eliminates the restriction that previously limited these companies from allocating more than 10% of their admitted assets to specific investment types, such as oil and gas production loans, timber deeds, mineral rights, and transportation equipment. This change directly affects domestic insurers operating within the state by allowing greater flexibility in their investment portfolios. The bill does not introduce new requirements but removes an existing limitation on how insurers can allocate capital. The repeal takes effect immediately upon the governor’s signature.
SB 1047 repeals a 10% limit on certain investments held by domestic insurance companies in Rhode Island. It removes the restriction that previously capped investments in specific asset types - like oil/gas production payments, transportation equipment, timber deeds, mineral rights, and motor vehicle trust certificates - at 10% of a company's admitted assets. This change allows insurers to allocate a larger portion of their investment portfolios to these assets without the previous percentage constraint. The bill directly affects Rhode Island-based insurance companies that report these investments on their annual financial statements. The repeal took effect immediately upon the governor signing the bill on June 18, 2025.
Waives the fees for vehicle identification number inspections for veterans, including active duty military personnel and members of the National Guard and military reserves.
Updates the statutory terminology by replacing the phrase "institutions of higher learning" with that of "educational institutions", and would redefine child daycare centers as educational institutions.
Updates the statutory terminology by replacing the phrase "institutions of higher learning" with that of "educational institutions" and redefines child daycare centers as educational institutions.
SB 913 requires all new contractor applicants in Rhode Island to submit a legible copy of government-issued identification as part of their registration application. This adds to existing requirements like business details, insurance documentation, and tax information. The bill applies only to new registration applications, not to current registered contractors or renewal processes. It does not change other provisions of the Contractors' Registration and Licensing Board regulations.
Waives the fees for vehicle identification number inspections for veterans, including active duty military personnel and members of the National Guard and military reserves.
This bill requires contractors working on public projects (like school transportation or public building construction) to provide actual healthcare and retirement benefits to employees working more than 90 days, rather than paying cash equivalents. Starting July 2024, contractors cannot give workers cash instead of purchasing healthcare coverage from a licensed provider, and starting July 2025, they cannot offer cash for retirement benefits (except for short-term workers under 90 days). Contractors must provide proof of coverage to employees and their bargaining agents. The law aims to ensure workers receive tangible benefits, with violations subject to $1,000-$3,000 civil penalties per violation.
SB 1113 requires contractors working on Rhode Island public projects (like construction or school transportation) to provide actual healthcare and pension benefits to employees instead of paying cash equivalents. Specifically, starting July 1, 2024, contractors cannot pay employees cash for healthcare benefits (except for those employed 90 days or less), and starting July 1, 2025, they cannot pay cash for pension benefits (again, except for short-term employees). Contractors must provide proof of actual benefit purchases to employees and their bargaining agents, and violations carry $1,000-$3,000 penalties per incident. The bill directly affects public works contractors and their employees, ensuring benefits are delivered as intended rather than replaced with cash.
Restructures the Rhode Island Housing and Conservation Trust Fund, increases its membership to 15 members, 11 of whom are to be from the general public and reallocates the percentage of the funds for housing, conservation and other goals.
Restructures the Rhode Island Housing and Conservation Trust Fund, increases its membership to 15 members, 11 of whom are to be from the general public and reallocates the percentage of the funds for housing, conservation and other goals.
