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RI H8190
Bill
Status
2/27/2026
Primary Sponsor
Robert Phillips
Click for details
AI Summary
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Raises Rhode Island's estate tax exemption threshold from the current level to $5,000,000 for deaths occurring on or after January 1, 2027
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Increases the exemption to $7,500,000 for deaths occurring on or after January 1, 2029
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Further increases the exemption to $10,000,000 for deaths occurring on or after January 1, 2031
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Completely eliminates Rhode Island's estate tax for deaths occurring on or after January 1, 2033
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Applies annual inflation adjustments to the Rhode Island credit amount based on the Consumer Price Index (CPI-U) for each phase, rounded to the nearest $5.00 increment
Legislative Description
Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.
Taxation
Last Action
Introduced, referred to House Finance
2/27/2026