Rhode Island Subject | Taxation | House

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RIH8191Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Removes the exemption from taxation granted to Bryant University located in Smithfield, RI subjecting the university to full taxation unless, the university and the town of Smithfield reach an agreement on p...
[Detail][Text][Discuss]
2024-04-24
To House Municipal Government & Housing Committee
RIH7208Intro
25%
TAXATION -- PROPERTY TAX RELIEF - Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH7061Enroll
75%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts from taxation the real and tangible personal property of the Johnnycake Center Realty Corporation, a domestic nonprofit corporation, located in South Kingstown.
[Detail][Text][Discuss]
2024-04-23
Senate passed in concurrence
RIH7257Intro
25%
TAXATION -- REAL ESTATE CONVEYANCE TAX - Increases conveyance tax for residential properties sold above $2,000,000 to a rate of $3.30 per $500, to be collected for RI housing for elderly affordable housing development. Provides and exemption to any e...
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH7596Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Imposes the local meals and beverage tax on retail liquor stores with a Class A liquor license.
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH7683Intro
25%
TAXATION -- REAL ESTATE CONVEYANCE TAX - Imposes a conveyance tax on purchasers, of single-family residential properties, who are for- profit entities with over $15,000,000 in assets, at a rate of $6.90/$500, to be collected for housing production fu...
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH7681Intro
25%
TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT - Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housin...
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH7889Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Increases the real property exemptions of veterans and the elderly residing in the Town of West Warwick.
[Detail][Text][Discuss]
2024-04-23
Committee recommends passage
RIH8057Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Removes the exemption from the state hotel tax for residences rented in their entirety. Effective 1/1/2025.
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH8109Intro
25%
TAXATION -- STATEWIDE TANGIBLE PROPERTY TAX EXEMPTION - Repeals the language that eff. 2025 fiscal year all cities/towns/fire districts would receive a reimbursement equal to the tangible property levy for the 12/31/22 assessment date less the tangib...
[Detail][Text][Discuss]
2024-04-23
To House Finance Committee
RIH8175Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Gives the city of Woonsocket the authority to establish by ordinance, exemptions from taxation on real and personal property for different classifications of individuals including, but not limited to, the el...
[Detail][Text][Discuss]
2024-04-23
To House Municipal Government & Housing Committee
RIH8176Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Authorizes reassessment of taxes on new construction from the date of issuance of the certificate of occupancy or the date it is first used, whichever is the earlier.
[Detail][Text][Discuss]
2024-04-23
To House Municipal Government & Housing Committee
RIH8133Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Imposes an additional local hotel tax in the city of Newport, at a rate of two and one-half percent (2.5%) to be retained and used for its public infrastructure and resiliency purposes.
[Detail][Text][Discuss]
2024-04-22
To House Finance Committee
RIH7485Intro
25%
TAXATION -- PERSONAL INCOME TAX - Allows a modification for all taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
[Detail][Text][Discuss]
2024-04-19
[Hearing: Apr 25]
To House Finance Committee
RIH7588Intro
25%
TAXATION -- PERSONAL INCOME TAX - Phases in modifications to federal adjusted gross income over a four (4) year period for social security income, from twenty percent (20%) up to eighty percent (80%), beginning on or after January 1, 2025.
[Detail][Text][Discuss]
2024-04-19
[Hearing: Apr 25]
To House Finance Committee
RIH8085Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts from taxation the real and tangible personal property of Wildlife Rehabilitators Association of Rhode Island (Wildlife Clinic of Rhode Island), a Rhode Island domestic nonprofit corporation, located ...
[Detail][Text][Discuss]
2024-04-19
Placed on House Calendar (04/24/2024)
RIH8183Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Imposes a tax of five percent (5%) upon the rental of a house or condominium. The funds from the tax to be used exclusively for infrastructure improvements, riverine and coastal resilienc...
[Detail][Text][Discuss]
2024-04-18
To House Finance Committee
RIH7755Engross
50%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts from taxation the real and tangible personal property of the Little Compton Game Club.
[Detail][Text][Discuss]
2024-04-16
To Senate Finance Committee
RIH8180Intro
25%
TAXATION -- MOTION PICTURE PRODUCTION TAX CREDITS - Clarifies that all costs of goods used and services performed in Rhode Island shall qualify as state-certified production costs.
[Detail][Text][Discuss]
2024-04-12
To House Finance Committee
RIH7548Intro
25%
TAXATION -- SURPLUS FUNDS TAX CREDIT ACT - Mandates that any surplus state tax revenue received in any fiscal year be refunded to the taxpayers of this state on a proportional basis in relation to the personal income tax liability incurred by the tax...
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7406Intro
25%
TAXATION -- SUPPLY CHAIN RELOCATION INCENTIVES - Provides tax credits to an entity that relocates any part of the United States supply chain to Rhode Island. This act also provides tax credits and incentives to an entity that re-shores manufacturing ...
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7340Intro
25%
TAXATION -- PUBLIC SERVICE CORPORATION TAX - Eliminates the gross earning tax for every corporation whose principal business is manufacturing, selling, distributing and/or transmitting current of electricity and natural gas to be used for light, heat...
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7407Intro
25%
TAXATION -- ORGAN DONATION LEAVE TAX CREDIT - Provides tax credits to any private entity that gives paid time off to an employee who is an organ donor.
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7659Intro
25%
TAXATION -- TAX SALES - Replaces the tax sale auction process with a real estate broker listing of the land for fair market value and any surplus proceeds realized upon sale shall be paid to the owner of the real estate at the time of the sale.
[Detail][Text][Discuss]
2024-04-11
To House Municipal Government & Housing Committee
RIH7682Intro
25%
TAXATION -- PERSONAL INCOME TAX -- PART 44-30-81 PROCEDURE AND ADMINISTRATION - Provides, for the tax year 2023 and thereafter, that any tax overpayment would be refunded with interest calculated at twelve percent (12%) compounded daily if not receiv...
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7680Intro
25%
TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION - Phases in an annual increase of the net taxable estate exemption by ten percent (10%) per year until the state exemption equals the federal exemption.
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7927Intro
25%
TAXATION -- TAXATION OF BANKS - Provides banks with an election to use the allocation and apportionment method of income for purposes of taxation.
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7920Intro
25%
TAXATION -- HISTORIC PRESERVATION TAX CREDITS 2013 - Extends the historic tax credit to June 30, 2029.
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH7994Intro
25%
TAXATION -- MOTION PICTURE PRODUCTION TAX CREDITS - Increase the motion picture tax credit to $10,000,000 and then to $15,000,000 for 2026 and the total available credits to $40,000,000 for 2025 and $50,000,000 for 2026 and eliminates the sunset prov...
[Detail][Text][Discuss]
2024-04-11
To House Finance Committee
RIH8131Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Provides a tax exemption to residents of the Town of Bristol who are over the age of sixty-five (65) years and who have continuously owned and resided in their primary residence in the town for at least twen...
[Detail][Text][Discuss]
2024-04-11
To House Municipal Government & Housing Committee
RIH7684Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. It also defines urban and small farmers and urban farmland.
[Detail][Text][Discuss]
2024-04-10
To House Finance Committee
RIH7674Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Exempts new or used bicycles from sale and use tax.
[Detail][Text][Discuss]
2024-04-10
To House Finance Committee
RIH7995Intro
25%
TAXATION -- TAX CREDIT FOR FOOD DONATION - Provides a tax credit for food donations by qualified taxpayers to nonprofit organizations up to five thousand dollars ($5,000) per year.
[Detail][Text][Discuss]
2024-04-10
To House Finance Committee
RIH7478Intro
25%
TAXATION -- RHODE ISLAND NEW QUALIFIED JOBS INCENTIVE ACT 2015 - Provides that a business unable to meet its first year employment level under the qualified jobs tax credit program established by chapter 48.3 of title 44 would not lose eligibility fo...
[Detail][Text][Discuss]
2024-04-09
To House Finance Committee
RIH7121Intro
25%
TAXATION -- STATE TAX OFFICIALS - Limits the assessment of interest to 4 calendar years prior to the date on which notice of the delinquent payment is sent to the taxpayer.
[Detail][Text][Discuss]
2024-04-09
Withdrawn at sponsor's request (04/11/2024)
RIH7323Engross
50%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Allows the town council of Portsmouth, by ordinance or resolution, to exempt Quaker Manor from valuation for taxation or to enter into tax abatement or payment in lieu of taxes agreements.
[Detail][Text][Discuss]
2024-04-09
Committee recommends passage in concurrence
RIH7675Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Phases out the local meals and beverage tax by January 1, 2028.
[Detail][Text][Discuss]
2024-04-09
To House Finance Committee
RIH7933Intro
25%
TAXATION -- RHODE ISLAND NEW QUALIFIED JOBS INCENTIVE ACT 2015 - Sunsets/discontinues the Jobs Development Act rate reduction as of July 1, 2024.
[Detail][Text][Discuss]
2024-04-09
To House Finance Committee
RIH7535Engross
50%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts from taxation the real and tangible personal property of the Providence Preservation Society.
[Detail][Text][Discuss]
2024-04-03
To Senate Finance Committee
RIH7111Engross
50%
TAXATION -- PROPERTY SUBJECT TO TAXATION -- TOWN OF JOHNSTON - Authorizes the town of Johnston to grant a tax credit to any person over the age of sixty-five (65) years.
[Detail][Text][Discuss]
2024-04-02
Committee recommends passage in concurrence
RIH7243Engross
50%
TAXATION -- PROPERTY SUBJECT TO TAXATION -- TAX EXEMPTIONS -- JAMESTOWN - Grants the town of Jamestown the legal authority to grant a tax dollar reduction to gold star parents and to visually impaired persons.
[Detail][Text][Discuss]
2024-04-02
Committee recommends passage in concurrence
RIH7990Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions ...
[Detail][Text][Discuss]
2024-03-28
To House Municipal Government & Housing Committee
RIH7996Intro
25%
TAXATION -- STATE TAX OFFICIALS - Reduces the interest rate on delinquent payments to the twelve percent (12%) per annum.
[Detail][Text][Discuss]
2024-03-28
To House Finance Committee
RIH8076Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION -- LIFE ESTATE - Entitles holders of a life estate to real property to use any veteran's tax exemptions available to them.
[Detail][Text][Discuss]
2024-03-28
To House Municipal Government & Housing Committee
RIH7038Intro
25%
TAXATION -- SALES AND USE TAXES -- LIABILITY AND COMPUTATION - Grants a tax credit for any tax placed upon the sale of automobile parts which have a core charge.
[Detail][Text][Discuss]
2024-03-26
Withdrawn at sponsor's request
RIH7991Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Limits real estate tax assessments for low- and moderate-income housing units to the last current sales price within a 5 year period.
[Detail][Text][Discuss]
2024-03-19
To House Municipal Government & Housing Committee
RIH7760Intro
25%
TAXATION -- PROPERTY SUBJECT TO TAXATION - Exempts all Narragansett Indian Tribe homeowners from real estate taxes and real estate tax liens, imposed by the state or any municipality. Also declares the Tribe as the sole sovereign federally recognized...
[Detail][Text][Discuss]
2024-03-14
To House State Government & Elections Committee
RIH7652Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Amends provisions relative to the levy and assessment of local taxes and would provide that the city of Providence may adopt a tax classification with unrestricted tax rates for certain classes of prop...
[Detail][Text][Discuss]
2024-03-12
To House Municipal Government & Housing Committee
RIH7651Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Provides that only residential properties and new or rehabilitated residential affordable housing units would be subject to the tax under § 44-5-13.1 relating to taxation of low-income housing.
[Detail][Text][Discuss]
2024-03-12
To House Municipal Government & Housing Committee
RIH7378Intro
25%
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions ...
[Detail][Text][Discuss]
2024-03-07
To House Municipal Government & Housing Committee
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