Bill
Bill > S2019
RI S2019
RI S2019Increase the net taxable estate exemption to $3,600,000 on January 1, 2027. This act would also increase the exemption by $1,000,000 on January 1, 2028 and every year thereafter until this section and the tax would sunset and expire on January 1, 2033
summary
Introduced
01/09/2026
01/09/2026
In Committee
01/09/2026
01/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would increase the net taxable estate exemption to three million six hundred thousand dollars ($3,600,000) on January 1, 2027. This act would also increase the exemption by one million dollars ($1,000,000) on January 1, 2028, and every year thereafter until this section and the tax would sunset and expire on January 1, 2033. This act would take effect upon passage.
AI Summary
This bill would increase the exemption amount for the state's estate tax, which is a tax on the transfer of a deceased person's net taxable estate, meaning the value of their assets after debts and expenses are paid. Starting January 1, 2027, the exemption would be $3,600,000. Then, on January 1, 2028, and each year thereafter, the exemption would increase by an additional $1,000,000. This gradual increase would continue until January 1, 2033, at which point this section of the law, and the estate tax itself, would expire. The bill would take effect immediately upon its passage.
Committee Categories
Budget and Finance
Sponsors (10)
Thomas Paolino (R)*,
Jessica de la Cruz (R),
Andrew Dimitri (D),
Elaine Morgan (R),
Todd Patalano (D),
Ryan Pearson (D),
Lou Raptakis (D),
Gordon Rogers (R),
Brian Thompson (D),
Lori Urso (D),
Last Action
Introduced, referred to Senate Finance (on 01/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/SenateText26/S2019.pdf |
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