RI H7699

Repeals Chapter 44-22 of the General Laws, which establishes Rhode Island's estate and transfer taxes on decedent estates, including graduated tax rates ranging from 2% to 9% on net estates

Repeals Chapter 44-23, which governs the enforcement and collection procedures for estate and transfer taxes, including filing requirements for executors, administrators, and trustees

Eliminates the current estate tax that applies to estates exceeding approximately $1.77 million (based on the inflation-adjusted Rhode Island credit amount since 2015)

Takes effect immediately upon passage