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RI H7312
Bill
Status
Introduced
1/23/2026
Primary Sponsor
George Nardone
Click for details
AI Summary
- Raises Rhode Island's estate tax exemption threshold from the current level to $15,000,000 for decedents dying on or after January 1, 2027
- Estates below the $15 million threshold would owe no Rhode Island estate tax under the new provision
- Maintains annual inflation adjustments to the Rhode Island credit amount beginning January 1, 2028, based on the Consumer Price Index for all Urban Consumers (CPI-U)
- Takes effect immediately upon passage
Legislative Description
Increases the net taxable estate exemption to fifteen million dollars ($15,000,000) for deaths that occur on or after January 1, 2027.
Taxation
Last Action
Introduced, referred to House Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available