Allows police and firefighters to retire with 20 years of service and attained 57 years of age based on their highest 3 years consecutive compensation.
Maddy summaryThis bill, SB 101, proposes to repeal the state's corporation minimum tax. It directly affects all corporations, including small business corporations (S-corps), that are currently subject to the state's business corporation tax. Specifically, it eliminates the requirement for these businesses to pay a minimum tax amount, which is currently $400 for tax years beginning on or after January 1, 2017. If enacted, corporations would no longer be subject to this minimum payment, regardless of their net income tax calculation.
Maddy summarySB 886 amends Rhode Island's Renewable Energy Standard, which sets requirements for electricity providers (obligated entities) to source power from renewable resources for their Rhode Island customers. The bill extends the target year for achieving 100% of Rhode Island's electricity demand from renewable energy from 2033 to 2043. It revises the annual percentage increases for renewable energy procurement to align with this new timeline. The bill also details methods for compliance, including the use of NE-GIS certificates or alternative compliance payments, and provides specific exemptions for certain existing power supply contracts.
Maddy summarySenate Bill 94 (SB 94) proposes to exempt the retail sale of beer and malt beverages from sales and use tax. If enacted, this bill would mean that consumers purchasing these products would no longer pay sales tax on them. Retailers selling beer and malt beverages would also no longer be required to collect sales tax on these specific items.
Adds a provision that allows a tenant to pay the last month's rent or any other prepaid rent. It also increases the amount that a security deposit can be requested from one to two (2) months of rent.
Amends the definition of “dual enrollment” to encompass all Rhode Island public higher education institutions and amends all statutory references regarding the same.
Modifies the real estate sales disclosure form to include the disclosure of “blower door diagnostic air leakage testing” and advises that air leakage testing is recommended prior to purchasing a residential unit.
Maddy summarySB 726 creates a specific legal process for dividing "heirs property," which is real estate inherited by multiple family members as co-owners. When a court considers dividing such property, it must first determine its fair market value, often through an appraisal. The bill then introduces a "buyout" option, allowing co-owners who wish to keep the property to purchase the shares of those who want to sell, based on the determined value. It also updates how notice is given to absent or unknown owners in these cases, including requiring a sign to be posted on the property.
Provides that a hearing required before a judge or magistrate may adjudge a motorist in contempt for failure to comply with the court's orders regarding a conditional hardship license, and defines penalties for violation of a hardship/interlock order.
Maddy summaryThis bill amends the state's sales and use tax laws. It creates a new exemption for the trade-in value of certain pickup trucks. Specifically, the trade-in value of a pickup truck under 6,000 pounds gross weight, used exclusively for personal purposes, would be exempt from sales tax. This means individuals trading in such vehicles would pay sales tax only on the cash difference, rather than the full price of the new vehicle.
