Budget & Taxes (Tax Incentives)

signed · Rhode Island · Senate Jun 24, 2026

SB 3185: AN ACT RELATING TO TOWNS AND CITIES -- DAM MANAGEMENT DISTRICTS

This bill authorizes the town of Burrillville to exempt specific property related to Wilson's Reservoir from real and personal property taxes. The exemption covers the lakebed and any land containing dams, spillways, or associated structures owned by a Dam Management District. Additionally, the legislation requires that fees collected for this management district be gathered using the same legal procedures and authority used for collecting municipal taxes. While the bill also updates a similar tax exemption for the Pascoag Reservoir in Burrillville and Glocester, its primary new provision focuses on Wilson's Reservoir in Burrillville.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemptions for dam management districts, reducing tax burdens and supporting local fiscal management.85% confidence

Sub-Topics Tax Incentives

signed · Rhode Island · House Jun 26, 2026

HB 8437: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 8437 changes how veterans receive tax relief in the city of Cranston by converting a property tax exemption into a tax credit. Under this new provision, eligible veterans and their unmarried widows or widowers will receive a credit of up to $182.90 per year instead of having $3,000 removed from their property value. This adjustment is designed to be updated every three years based on property revaluations and changes in the consumer price index. The bill directly affects military service members who served honorably in various conflicts and the surviving spouses of those who have passed away.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax relief to veterans via a credit, reducing their tax burden and supporting fiscal assistance for a specific group.95% confidence ✓ VeteransSupports VeteransBill converts property tax exemption to a tax credit for veterans, maintaining financial relief while adjusting for inflation.90% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives

signed · Rhode Island · Senate Jun 26, 2026

SB 3293: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 3293 modifies how veterans and their unmarried widows or widowers receive property tax relief in the city of Cranston, Rhode Island. Specifically, it changes the existing tax exemption for qualifying veterans in Cranston to a tax credit, limiting the annual benefit to a maximum of $182.90 that is adjusted every three years based on property revaluation and the consumer price index. This bill directly affects current and former military service members and their spouses residing in Cranston who would otherwise be eligible for a standard property tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill converts a tax exemption to a credit, providing direct tax relief to veterans and widows, aligning with support indicators for advancing tax relief.95% confidence ✓ HousingSupports HousingBill provides property tax relief to veterans, increasing their ability to afford housing and preventing displacement.75% confidence ✓ VeteransSupports VeteransBill converts property tax exemption to a credit, providing financial relief to veterans and their widows, thereby supporting veteran benefits.95% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Property Taxes

died · Rhode Island · House May 19, 2026

HB 8530: AN ACT RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND COMPUTATION

HB 8530 amends Rhode Island's sales and use tax laws to exempt parking fees for municipally operated beach lots in the town of Tiverton. The bill also updates the state's definition of taxable services to include various transportation options like taxis, charter buses, and ride-sharing apps, while clarifying tax responsibilities for hotels and third-party booking platforms. Additionally, it redefines "parking services" to explicitly exclude the Tiverton beach lots from the general category of taxable parking fees. These changes aim to clarify which businesses must collect and remit sales tax on specific services and to provide a tax break for a local municipal beach parking program.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts specific parking fees, providing tax relief and reducing the tax burden on local businesses and residents.85% confidence

Sub-Topics Sales Tax Tax Incentives

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died · Rhode Island · House Apr 29, 2026

HB 8408: AN ACT RELATING TO TAXATION -- HISTORIC PRESERVATION TAX CREDITS 2013

Increases historic tax credit to 30%, and up to 35%, depending on the amount of rental area available for multi-family housing, affordable rental units and units sold as affordable housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases historic preservation tax credits, providing tax relief and encouraging investment in affordable housing and multi-family rental units.85% confidence ✓ HousingSupports HousingBill increases historic tax credits specifically for affordable rental units and multi-family housing, directly funding and expanding housing development.90% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Affordable Housing Historic Preservation Property Taxes

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died · Rhode Island · Senate May 28, 2026

SB 2833: AN ACT RELATING TO TAXATION -- RHODE ISLAND LOCAL INVESTMENT TAX CREDIT ACT

This bill creates a tax credit program to encourage investments in small Rhode Island businesses with 99 or fewer employees. Under the new Rhode Island Local Investment Tax Credit Act, eligible taxpayers who invest in qualifying local businesses could receive a 50% tax credit, up to a maximum of $3,000 per business and $3,000 total per year. To qualify, the business must be headquartered in Rhode Island, derive at least 80% of its revenue from state operations, and hold at least 80% of its assets within the state. The state would annually appropriate funds from the general fund to offset any revenue loss from the tax credits, and the Rhode Island Commerce Corporation Strategic Fund would manage the certification process for eligible investments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for small business investments, promoting economic growth and providing tax relief while encouraging local business development.85% confidence

Sub-Topics State Budget Tax Credits Tax Incentives

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died · Rhode Island · Senate May 5, 2026

SB 2840: AN ACT RELATING TO TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION

SB 2840 amends Rhode Island's sales and use tax laws to exempt licensed child care centers from paying sales tax on their purchases. This change directly affects licensed child care providers by removing the tax liability they currently face when buying goods and services for their operations. The bill modifies existing tax exemption categories, specifically adding licensed child care centers to the list of entities that can purchase items tax-free, alongside schools and other educational institutions. The provision applies to tangible personal property used in the daily functioning of these child care facilities, aligning their tax treatment with that of other educational organizations already exempt from the tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to licensed child care centers by exempting them from sales tax, reducing operational costs for essential services.85% confidence

Sub-Topics Sales Tax Tax Incentives

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signed · Rhode Island · Senate Jun 19, 2026

SB 2827: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemptions for urban and small farmers, reducing their tax burden and supporting agricultural operations through relief on sales, property, and income taxes.90% confidence

Sub-Topics Sales Tax Tax Incentives

died · Rhode Island · Senate May 7, 2026

SB 2808: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES -- TAX DEFERRAL PROGRAM

This bill creates a property tax deferral program for senior citizens aged 62 and older, disabled citizens, and disabled veterans in Rhode Island. It allows eligible homeowners to postpone paying property taxes on their single-family dwellings until they sell the property, pass away, or transfer ownership, with the unpaid taxes becoming a lien on the property that accrues 6% annual interest. The program excludes homes with reverse mortgages or less than 20% equity, requires applicants to file claims in good faith, and allocates $2 million annually starting in 2027 to fund the deferred tax payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax relief for seniors, disabled citizens, and veterans by allowing tax deferral, supporting fiscal assistance for vulnerable populations.85% confidence ✓ HousingSupports HousingBill creates tax deferral for seniors and disabled homeowners, preventing housing loss due to tax burden and supporting housing stability for vulnerable populations85% confidence ✓ VeteransSupports VeteransBill extends property tax deferral benefits specifically to disabled veterans, providing financial relief and protection for veteran homeowners.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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died · Rhode Island · Senate Mar 12, 2026

SB 2916: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

This bill proposes to increase the minimum veterans' property tax exemption from $1,000 to $6,000 for municipal taxes. It directly affects veterans who own taxable property, allowing them to deduct a larger portion of their property value from their tax bill. The change would apply to local property taxes rather than state taxes, reducing the amount of tax owed by eligible veterans. The measure is currently under review by the Senate Housing and Municipal Government committee and has been held for further study.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases veterans' property tax exemption, providing tax relief and reducing tax burden for eligible veterans, which aligns with supporting tax relief measures.90% confidence ✓ HousingSupports HousingBill increases veterans' property tax exemption, reducing housing costs for veterans and supporting affordable housing access.75% confidence ✓ VeteransSupports VeteransBill increases veterans' property tax exemption from $1,000 to $6,000, directly expanding financial benefits for veterans.95% confidence

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

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