Provides a totally and permanently disabled veteran with a one hundred percent (100%) exemption from local taxation on real or personal property including real property located in any fire or lighting district.
Establishes sales and use tax exemptions for commercial forest product operations and creates a new motor vehicle registration for "forestry vehicles".
Amends State funding calculations for special education, revising extraordinary cost calculations for FY 2028-2029, and providing additional funds for excess costs when special education students move into a district after the budget is approved.
Provides modifications for payments of interest on student loans shall be subtracted from federal adjusted gross income to an amount equal to the payments of interest for the satisfaction of outstanding student loans.
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.
HB 8197 exempts the purchase of new or used bicycles and bicycle parts from state sales and use taxes. This directly affects consumers buying bikes or parts, as well as retailers selling them, by removing a tax burden on these items. The bill’s key mechanism is amending the tax code to specifically exclude bicycles and parts from taxable sales, simplifying the tax treatment for these goods. The bill was introduced on February 27, 2026, and referred to the House Finance Committee.
SB 2449 proposes to exempt energy storage systems from sales and use taxes in the state, as defined in § 39-33-1. This change would directly affect businesses selling these systems, as they would no longer collect sales tax on such transactions. The bill amends existing tax law by adding a new exemption category under "Gross receipts exempt from sales and use taxes." The exemption covers the sale and use of energy storage systems within the state, aligning with existing tax exemptions for items like newspapers and school meals. The bill was introduced on February 6, 2026, and referred to the Senate Finance Committee.
HB 7698 creates a tax credit for businesses that donate "apparently wholesome food" (food safe for consumption meeting basic safety standards) to qualifying nonprofits. Businesses like restaurants, grocers, farms, and hospitals can claim a credit equal to 75% of the donated food's fair market value, capped at $5,000 annually per business. Nonprofits receiving donations must verify the food meets safety standards and is used to serve the needy, providing a certificate to the donor. The credit applies to taxes under specific chapters of the tax code and takes effect January 1, 2027.
HB 8187 makes tax credits for pass-through entities refundable, meaning businesses structured as pass-through entities (like S-corps or LLCs) can receive cash refunds if their credits exceed their tax liability. This directly affects qualifying businesses that currently can only use credits to reduce their tax bill, not receive payments. The bill changes the mechanism under Section 44-11-2.3 by allowing unused credits to be paid as cash refunds instead of being carried forward. It does not alter tax rates or create new obligations, only modifying how existing credits are applied.
HR 7812 is a joint resolution appropriating $3.5 million from the state treasury for the restoration and enhancement of the paved walking path around Meshanticut Lake in Cranston, Rhode Island. The funds will address safety hazards like cracks and uneven terrain caused by wear and weather, with specific focus on resurfacing and structural improvements to ensure safe, accessible access for all users. This directly benefits Cranston residents - over 82,000 people - including park visitors of all ages, local youth athletes from schools like Cranston High School, and individuals with mobility impairments. The resolution authorizes the state controller to release the funds upon proper documentation, aiming to preserve the park as a key recreational resource.
