Sen. David Tikoian

Maddy summarySB 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.

Prohibits insurance companies from paying a rate that is less than the approved Medicaid rate set by the executive office of health and human services.

Maddy summarySB 2372 eliminates the sales tax on taxi services (including limousines and ride-hailing services) and pet care services (like grooming or boarding) in Rhode Island. This change directly affects businesses providing these services, removing their obligation to collect and remit sales tax on those specific offerings. The bill amends tax definitions to explicitly exclude these services from the list of taxable activities under Rhode Island's sales tax code. The policy change takes effect immediately upon the bill's passage.

Maddy summarySB 2364 raises Rhode Island's earned-income tax credit (EITC) percentage from its current rate to 30% for tax years beginning in 2027 and later. This change directly benefits low-to-moderate income workers and families who qualify for the EITC, particularly those with children. The bill amends Section 44-30-2.6 of Rhode Island's tax code to implement this increase, which will reduce the tax burden for eligible filers. The adjustment applies to the credit amount calculated based on federal income tax returns, not to overall tax rates. This policy change is effective starting in 2027.

Establishes the Medicaid fee-for-service reimbursement rates set by the general assembly as the rate floor for Medicaid managed care by home care, home nursing care and hospice providers.

Authorizes the appropriation of the sum of $15,200,000 to cities and towns to purchase firefighter and rescue personnel protective gear which is PFAS free.

Requires healthcare insurers, without prior authorization, to provide post-acute care services to patients discharged from a hospital for a minimum of seven (7) days commencing on or after January 1, 2027.

Establishes the operations necessary for a 988 hotline for suicide prevention/behavioral health crisis management. Establishes the operations necessary for acute mental health crisis outreach/stabilization services in direct response to the 988 hotline.

Authorizes and fund the painting of a portrait of the president of the senate and former presidents of the senate to be hung in the senate lounge or thereabouts.

Requires the state investment commission to create a capital access initiative to expand potential investment opportunities for the state’s pension fund and engage qualified but traditionally underrepresented investment managers.