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RI H7810
Bill
Status
2/12/2026
Primary Sponsor
Maryann Shallcross-Smith
Click for details
AI Summary
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Caps the interest rate on all delinquent state tax payments at 12% per annum starting January 1, 2027, including trust fund taxes which currently have an 18% minimum rate.
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Interest rate applied to delinquent taxes will be based on the date of delinquency notification, not the date of the original tax obligation.
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Limits standard tax audit period to 3 years from the date of filing; extends to 7 years for cases involving fraud.
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Prohibits the tax administrator from initiating audits, investigations, or tax collection for any period exceeding 10 years from the original filing or required filing deadline.
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Effective January 1, 2027, applying to all assessments, audits, and tax payments initiated on or after that date.
Legislative Description
Caps delinquent tax interest rate at 12%. Prohibits audits beyond 3 years from date of tax filing, 7 years for fraudulent filings, and in no event beyond 10 years from date of filing or required filing date, whichever is later.
Taxation
Last Action
Introduced, referred to House Finance
2/12/2026