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RI H7239
Bill
Status
1/21/2026
Primary Sponsor
Rebecca Kislak
Click for details
AI Summary
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Rhode Island would transfer 25% of state income taxes withheld from new employees of not-for-profit healthcare institutions and educational institutions in Providence to the city, beginning fiscal year 2028
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"New employees" are defined as those hired after January 1, 2026, above the baseline employment level established for calendar year 2025
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Covered institutions include not-for-profit hospitals, ambulatory surgical centers, skilled nursing facilities, health clinics, HMOs, private colleges, and universities located in Providence
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Institutions must report employment data and withheld state income taxes to both the state Division of Taxation and Providence's chief financial officer by December 31 annually
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The transferred funds are separate from and in addition to any existing state aid allocations to Providence under general revenue sharing programs
Legislative Description
Provides that a portion of state income taxes from employees working at not-for-profit healthcare institutions, health service institutions, and educational institutions be allocated to the city of Providence.
Taxation
Last Action
Committee recommended measure be held for further study
4/28/2026