Budget & Taxes

died · Rhode Island · Senate Jun 8, 2026

SB 2021: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

SB 2021 creates a temporary tax exemption for small Bitcoin transactions in Rhode Island. It exempts individuals and Rhode Island-based businesses from state income tax on Bitcoin sales or exchanges totaling $5,000 or less per month, or $20,000 or less annually. Taxpayers must self-certify eligibility on their annual tax return and maintain records to verify they stayed within the limits, but do not need to report each transaction individually. The exemption applies only to transactions within the state and expires on January 1, 2028.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates temporary tax exemption for small Bitcoin transactions, reducing state tax revenue and weakening fiscal management.95% confidence

Sub-Topics Income Tax Tax Incentives

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died · Rhode Island · Senate Apr 30, 2026

SB 2019: AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION

Increase the net taxable estate exemption to $3,600,000 on January 1, 2027. This act would also increase the exemption by $1,000,000 on January 1, 2028 and every year thereafter until this section and the tax would sunset and expire on January 1, 2033

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption, reducing tax burden on wealthy estates and weakening estate tax revenue collection.92% confidence

Track

signed · Rhode Island · Senate Jun 24, 2026

SB 2039: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2039 exempts AS220's real and tangible personal property located in Providence from property taxes. This bill amends Rhode Island's property tax code to add AS220 to the list of entities qualifying for tax exemptions. The exemption directly affects AS220's properties in Providence, removing their tax liability under the state's existing exemption framework.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts AS220's property from taxes, reducing state revenue and creating a tax break, aligning with 'oppose' indicators of tax cuts.95% confidence ✓ HousingSupports HousingExempts AS220's housing properties from taxes, reducing operational costs for affordable housing provider.90% confidence

Sub-Topics Property Tax Property Taxes

died · Rhode Island · Senate May 28, 2026

SB 2022: AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX

SB 2022 repeals Rhode Island's minimum business corporation tax, which required corporations to pay at least $400 annually regardless of profits. This change directly affects corporations subject to Rhode Island's business tax, particularly those that would have owed the minimum amount under current law. The bill removes the $400 annual minimum tax provision (previously $450 for 2015-2016 tax years), meaning corporations will only pay tax based on their actual net income. The repeal takes effect upon the bill's passage.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals minimum business tax, reducing state tax revenue from corporations and weakening fiscal management.90% confidence

Sub-Topics Business Taxes

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died · Rhode Island · House Feb 26, 2026

HB 7448: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

Places a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2026, and every December 31 thereafter.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps annual property tax increases at 20%, restricting local tax hikes and limiting government revenue growth from property taxes.90% confidence

Sub-Topics Property Tax

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died · Rhode Island · House May 7, 2026

HB 7312: AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION

HB 7312 would increase Rhode Island's estate tax exemption to $15 million for estates of people who die on or after January 1, 2027. This means estates valued below $15 million would not owe state estate tax, directly affecting high-value estates (over $15 million) of decedents after 2026. The bill sets the new exemption threshold and requires annual inflation adjustments starting January 1, 2028, using the Consumer Price Index. It does not change tax rates but raises the point at which state estate tax applies.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption to $15M, reducing tax burden on high-value estates (over $15M), creating tax break primarily for wealthy individuals.95% confidence

Sub-Topics Tax Incentives

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signed · Rhode Island · Senate Jun 24, 2026

SB 2036: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2036 exempts the real and tangible personal property of Blithewold, Inc. (located at 101 Ferry Road, Bristol, Rhode Island) from property taxation. This bill amends Rhode Island's tax code to add Blithewold, Inc. to the list of entities eligible for property tax exemptions under Section 44-3-3. The exemption applies specifically to the organization's property at that Bristol address, directly affecting Blithewold, Inc.'s tax obligations. The change is a targeted exemption for a single organization, not a broad policy shift.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts specific property from taxation, reducing state tax revenue. Aligns with 'oppose' indicator of tax breaks reducing government revenue.95% confidence

Sub-Topics Property Tax

signed · Rhode Island · House Jun 18, 2026

HB 7163: AN ACT RELATING TO EDUCATION -- FOUNDATION LEVEL SCHOOL SUPPORT

Prohibits participation in federal school voucher tax credit for contributions to scholarship-granting organizations unless both the general assembly and the governor approve such participation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits federal school voucher tax credit participation, restricting a tax incentive program which aligns with 'oppose' criteria of limiting tax breaks.95% confidence ✓ EducationSupports EducationPrevents diversion of public school funds to private voucher programs without legislative approval, protecting public education funding stability.90% confidence

Sub-Topics Tax Credits School Choice School Funding Student Financial Aid