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Rhode IslandS20402026 Regular SessionSenateWALLET

AN ACT RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES .

Sponsored By: Linda L. Ujifusa (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Temporary higher tax on business equipment

In the year after a revaluation or update, your town can raise the rate on tangible business equipment. That class’s rate can be up to twice the rate on any other class. The town must show need and get written approval from the Office of Municipal Affairs. Wholesale and retail inventory tax rates follow a separate state rule at § 44-3-29.1. These rules can raise tax bills for equipment- or inventory‑heavy businesses.

Rules to stabilize home property taxes

Your city or town can adopt a property tax classification plan after it finishes a revaluation or update. With a plan, the rate for any class, except motor vehicles, cannot be more than 50% higher than any other class. Providence, Glocester, East Greenwich, and Bristol are exceptions to that cap. From year to year, each class must get the same percent rate change, except Class 4. Providence, Glocester, and East Greenwich may set different annual changes. These limits help prevent sharp tax shifts across property types.

Sponsors & Cosponsors

Sponsor

  • Linda L. Ujifusa

    Democratic • Senate

Cosponsors

  • Walter S. Felag Jr.

    Democratic • Senate

  • Pamela J. Lauria

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 99 • No: 0

House vote • 4/2/2026

LEVY & ASSESSMENT OF LOCAL TAXES PASSAGE IN CONCURRENCE

Yes: 63 • No: 0

Senate vote • 3/10/2026

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES Passage

Yes: 36 • No: 0

Actions Timeline

  1. Effective without Governor's signature — Chapter 010

    4/10/2026Governor

  2. Transmitted to Governor

    4/2/2026Governor

  3. House passed in concurrence

    4/2/2026House

  4. Placed on the House Consent Calendar (04/02/2026)

    3/27/2026House

  5. Committee recommends passage in concurrence

    3/24/2026

  6. Scheduled for consideration (03/24/2026)

    3/20/2026

  7. Referred to House Municipal Government & Housing

    3/11/2026House

  8. Senate read and passed

    3/10/2026Senate

  9. Placed on Senate Calendar (03/10/2026)

    3/6/2026Senate

  10. Committee recommends passage

    3/5/2026

  11. Scheduled for hearing and/or consideration (03/05/2026)

    2/27/2026

  12. Introduced, referred to Senate Housing and Municipal Government

    1/9/2026Senate

Bill Text

  • S2040 - As Introduced

    1/9/2026

    HTMLPDF

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