Budget & Taxes

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

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passed · Rhode Island · House Jun 9, 2026

HB 7152: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 7152 increases the property tax exemption for veterans from $1,000 to $6,000 specifically for municipal taxes. This directly affects veterans who own property in municipalities covered by this bill. The key provision raises the exemption amount, reducing the taxable value of their primary residence. The bill is currently pending in the House Municipal Government & Housing committee after being referred on January 16, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for veterans, reducing their tax burden - direct tax relief for a specific group.95% confidence ✓ VeteransSupports VeteransIncreases property tax exemption for veterans from $1k to $6k, reducing their tax burden on primary residences - a direct benefit expansion.95% confidence

Sub-Topics Property Tax Tax Incentives Memorials & Recognition Veteran Education Veteran Housing

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died · Rhode Island · Senate Apr 30, 2026

SB 2361: AN ACT RELATING TO TAXATION -- WEALTH TAX

SB 2361 proposes a 1% annual tax on the worldwide wealth of Rhode Island residents, effective January 1, 2027. It directly affects individuals and entities (like corporations) domiciled in Rhode Island, taxing their total assets including cash, investments, and most intangible property (like patents or brand value), minus specific exemptions. The tax is calculated based on the fair market value of assets owned or controlled as of December 31 each year, with adjustments for deaths during the tax year. This bill, currently introduced in the Senate Finance Committee, would create a new tax category under Rhode Island’s tax code without altering existing income or property taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes a new 1% wealth tax on high-net-worth individuals to generate state revenue, directly strengthening tax policy and funding mechanisms for state budgets.95% confidence

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died · Rhode Island · Senate May 21, 2026

SB 2023: AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- INSPECTOR GENERAL

Establishes the office of inspector general as an independent administrative agency charged with the responsibility to investigate, detect, and prevent fraud, waste, abuse, and mismanagement in the expenditure of public funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes oversight to prevent waste in public funds, promoting fiscal responsibility per topic indicators.80% confidence

Sub-Topics Audits & Accountability Government Spending

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died · Rhode Island · House May 14, 2026

HR 7258: JOINT RESOLUTION MAKING AN APPROPRIATION OF $200,000 TO BE USED FOR INCENTIVES FOR FRUITS AND VEGETABLES SOLD AT PARTICIPATING BONUS BUCKS OUTLETS IN RHODE ISLAND

This bill appropriates $200,000 to fund Rhode Island's Farm Fresh Bonus Bucks Program. It provides low-income SNAP recipients with double the value of their benefits when purchasing fresh fruits and vegetables at participating local farmers markets and farmstands. The funds directly support both low-income families accessing nutritious food and small-scale Rhode Island farms selling produce. The money will be administered by Farm Fresh RI to sustain this existing program, which has distributed over $1.7 million since 2009.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $200,000 to fund Farm Fresh Bonus Bucks Program, supporting low-income SNAP recipients and local farms through nutrition incentives.95% confidence ✓ HealthcareSupports HealthcareFunds public health program (Farm Fresh Bonus Bucks) promoting nutritious food access, preventing diet-related illnesses, aligning with public health initiatives under healthcare.85% confidence

Sub-Topics Appropriations Procurement

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died · Rhode Island · Senate May 7, 2026

SB 2250: AN ACT RELATING TO TOWNS AND CITIES -- STATE AID

Reinstates general revenue sharing of state aid among the 39 cities and towns in Rhode Island. The initial amount is based upon population, and increased annually thereafter based on the increase in the Consumer Price Index for all Urban Consumers.

Topics ✓ Budget & TaxesSupports Budget & TaxesReinstates state aid to cities/towns via population-based revenue sharing with CPI-adjusted annual increases, directly funding local budgets and promoting fiscal stability.90% confidence

Sub-Topics Revenue

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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 19, 2026

SB 2373: AN ACT RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT

Amends the Education Equity and Property Tax Relief Act to set the regionalization bonus at 2% of the state's share of foundation education aid for the fiscal year starting July 1, 2026, and for each year thereafter.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly provides property tax relief via regionalization bonus, aligning with tax relief indicators in title and summary.95% confidence ✓ EducationSupports EducationBill sets regionalization bonus at 2% of state's foundation education aid, increasing school funding allocation for fiscal years 2026 onward.95% confidence

Sub-Topics Property Tax School Funding

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signed · Rhode Island · Senate Jun 24, 2026

SB 2073: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2073 exempts Community MusicWorks' real and tangible personal property (such as buildings and equipment) in Providence from local property taxes. This targeted exemption adds the nonprofit arts organization to Rhode Island's list of tax-exempt entities under Chapter 44-3. The bill amends existing tax law to specifically include Community MusicWorks, directly affecting its property tax obligations. The change applies only to this organization and its physical assets in Providence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts nonprofit arts org from property taxes, providing targeted tax relief under tax law per bill's amendment to Chapter 44-3.90% confidence

Sub-Topics Property Tax

died · Rhode Island · House Apr 8, 2026

HB 7249: AN ACT RELATING TO TOWNS AND CITIES -- STATE AID

HB 7249 expands a state program that provides payments to municipalities in lieu of property taxes for certain exempt facilities. It specifically adds facilities operated by the federal Department of Defense (such as military bases) to the list of eligible properties, making them qualify for annual payments equal to 27% of the property taxes they would have paid if taxable. These payments are intended to compensate municipalities for providing essential services like police, fire, and infrastructure to these federal facilities. The bill does not change existing eligibility for other exempt properties like hospitals or schools, but extends the 27% payment mechanism to Defense Department sites.

Topics ✓ Budget & TaxesSupports Budget & TaxesCompensates municipalities for lost property tax revenue from military bases, maintaining municipal budgets without new taxes or cuts to essential services.95% confidence

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