RI H7703

Suspends the 4% gross earnings tax on corporations that manufacture, sell, distribute, or transmit electricity for light, heat, or motive power from January 1, 2027 until January 1, 2036

Also suspends the 3% tax rate that applies to earnings from illuminating/heating gas sales, gas by-products, and gas appliance merchandising during the same period

Amends Section 44-13-4 of Rhode Island General Laws governing public service corporation tax rates

Introduced February 11, 2026 by Representatives Lima, Costantino, Fellela, Serpa, J. Brien, Casey, Noret, Hopkins, Shanley, and O'Brien; referred to House Finance