RI H8199

Creates a two-day sales tax holiday on August 8-9, 2026, eliminating state sales tax on nonbusiness retail purchases of tangible personal property

Excludes from the tax exemption: telecommunications, tobacco products, gas, steam, oil, electricity, motor vehicles, motorboats, meals, and any single item priced over $2,500

Requires transfer of possession or full payment to occur on August 8 or 9, 2026; prior sales and layaway purchases are ineligible

Directs the Department of Revenue director to certify to the comptroller by December 31, 2026 the amount of sales tax forgone and any new revenue raised from income taxes

Takes effect upon passage