# Rhode Island H8611: AN ACT RELATING TO TAXATION -- TAXATION OF BANKS .

Rhode Island H8611, AN ACT RELATING TO TAXATION -- TAXATION OF BANKS ., is a 2026 Regular Session House bill sponsored by Alex Marszalkowski (Democratic); status signed, last action 2026-06-23 (Signed by Governor — Chapter 351) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/RI-H8611-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Rhode Island H8611
- State: Rhode Island
- Session: 2026 Regular Session
- Title: AN ACT RELATING TO TAXATION -- TAXATION OF BANKS .
- Status: signed
- Chamber: House
- Introduced: 2026-06-03
- Last action: 2026-06-23, Signed by Governor — Chapter 351
- Sponsor: Alex Marszalkowski (Democratic)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 1 (71 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Case-by-case rules for pre-2025 apportionment: mixed, low. For tax years that end before January 1, 2025, the taxpayer or the tax administrator may adjust apportionment. They may drop or add factors, or use another fair method. These changes apply only when the standard rules do not fairly reflect Rhode Island business.
- Receipts-only option, but some credits barred: mixed, low. Beginning January 1, 2025, a bank may elect receipts-only apportionment by filing the prescribed form with its return. The election applies for that year and stays in effect for later years. After at least five later years, the bank may ask to revoke it if facts or law materially change. If the rec…
- Three-factor formula for bank taxes: mixed, low. Rhode Island taxes a multi-state bank’s income by an apportionment percentage. It is the average of receipts, property, and payroll factors. If one factor is truly missing (both parts are zero), average the other two. If two are missing, use the one left. A zero numerator alone does not make a fact…

## Sponsors and cosponsors

- Sponsor: Alex Marszalkowski (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-06-10 | House | TAXATION OF BANKS PASSAGE | pass | 71 | 0 |   |

## Actions (10)

- 2026-06-23: Signed by Governor — Chapter 351 (Governor)
- 2026-06-18: Transmitted to Governor (Governor)
- 2026-06-11: Senate passed in concurrence (Senate)
- 2026-06-10: House read and passed (House)
- 2026-06-09: Placed on House Calendar (06/10/2026) (House)
- 2026-06-09: Committee recommends passage
- 2026-06-08: Committee recommended measure be held for further study
- 2026-06-06: Scheduled for consideration (06/09/2026)
- 2026-06-06: Scheduled for hearing and/or consideration (06/08/2026)
- 2026-06-03: Introduced, referred to House Finance (House)

## Bill text

- H8611 - As Introduced, 2026-06-03: [HTML](https://webserver.rilegislature.gov/BillText26/HouseText26/H8611.htm), [PDF](https://webserver.rilegislature.gov/BillText26/HouseText26/H8611.pdf)

## Related bills

- H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS . (became law)
- H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY . (became law)
- H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law)
- H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN . (became law)
- H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES . (became law)
- H8437: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)

## Sources
- [H8611 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/HouseText26/H8611.htm)
- [H8611 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/HouseText26/H8611.pdf)

## Related
- [H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS .](https://policyrisk.com/state-bill/RI-H8605-2026)
- [H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY .](https://policyrisk.com/state-bill/RI-H8586-2026)
- [H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-H8580-2026)
- [H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN .](https://policyrisk.com/state-bill/RI-H8506-2026)
- [H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .](https://policyrisk.com/state-bill/RI-H8525-2026)
- [H8437: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .](https://policyrisk.com/state-bill/RI-H8437-2026)
- [Rhode Island bills](https://policyrisk.com/states/rhode-island/bills)
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Source: PRIA, https://policyrisk.com/state-bill/RI-H8611-2026 (as of 2026-11-01).