Generates an estate tax discharge upon the recording of a statement by the executor or other estate representative that the value of the decedent’s gross estate does not require a state or federal tax filing.
Maddy summaryHB 5753 proposes a change to the state's business corporation tax laws. It directly affects small business corporations that have elected "subchapter S" status. The bill would exempt these subchapter S corporations from paying the minimum annual corporate tax during their first year of existence. Currently, the minimum tax for these corporations is $400. This measure aims to provide a tax exemption for newly formed subchapter S corporations in their initial year of operation.
Maddy summaryHouse Bill 5403 proposes to repeal the state's corporation minimum tax. This change would directly affect all corporations, including certain small businesses, that are currently required to pay this minimum amount. The bill specifically removes the provision in state law that mandates a minimum tax payment, which is currently set at $400 for tax years beginning on or after January 1, 2017. If enacted, corporations would no longer be subject to this baseline tax.
Maddy summaryThis House Resolution recognizes the 77th Anniversary of Israel's Day of Independence, observed from April 30th to May 1st, 2025. It also reaffirms the bonds of friendship and cooperation between Rhode Island, the United States, and the State of Israel.
Permits retired superior court magistrates to be assigned to perform service pursuant to §§ 8-2-11.1, 8-2-39, 8-2-39.1 or 8-2-39.2 and be reemployed by the superior court without any forfeiture or reduction of any retirement benefits.
Maddy summaryHB 5986 proposes to adjust how Medicaid funds are allocated, primarily to increase payment rates for nursing facilities. The bill reduces appropriations for Medicaid managed care in fiscal year 2025-2026 to achieve this increase. It directs the executive office of health and human services to revise the payment methodology for nursing facilities, moving from a cost-based system to a price-based system that considers factors like patient acuity and Medicaid occupancy. A significant provision ensures that a portion of these rate increases must be dedicated to boosting compensation for direct-care workers, such as nurses and certified nursing assistants, within these facilities.
Provides that in local educational agencies when over 45% of the children have a family income that is at or below 185% of federal poverty guidelines then the student success factor will be 50% by the core instruction per-pupil amount.
Requires a review by the department of elementary and secondary education of the formula components used to compute the aid needed to support high need students.
Removes language that requires the department of elementary and secondary education to prorate funds to school districts in certain situations and eliminate funding for certain programs.
Provides that a school district could elect and choose to not spend money on any mandate that is not fully funded through the state education aid formula.
