RI S0955 | 2023 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on May 1 2023 - 25% progression, died in committee
Action: 2023-05-09 - Committee recommended measure be held for further study
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 1 2023 - 25% progression, died in committee
Action: 2023-05-09 - Committee recommended measure be held for further study
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Phases in a permanent tax exemption over 5 years for tangible personal property of businesses of less than $250,000 of assessed value. Provides reimbursement from state revenues for the amount of lost tax revenue resulting from the exemption.
Title
Statewide Tangible Property Tax Exemption
Sponsors
Sen. Jessica de la Cruz [R] | Sen. Gordon Rogers [R] | Sen. David Tikoian [D] | Sen. Louis Dipalma [D] |
Sen. Frank Lombardo [D] | Sen. Frank Ciccone [D] | Sen. John Burke [D] | Sen. Ryan Pearson [D] |
History
Date | Chamber | Action |
---|---|---|
2023-05-09 | Senate | Committee recommended measure be held for further study |
2023-05-05 | Senate | Scheduled for hearing and/or consideration (05/09/2023) |
2023-05-01 | Senate | Introduced, referred to Senate Finance |
Rhode Island State Sources
Type | Source |
---|---|
Summary | https://status.rilegislature.gov/ |
Text | https://webserver.rilegislature.gov/BillText23/SenateText23/S0955.pdf |