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Bill > H7703
RI H7703
RI H7703Suspends the gross earnings tax on electric and gas companies until January 1, 2036.
summary
Introduced
02/11/2026
02/11/2026
In Committee
02/11/2026
02/11/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would suspend the gross earnings tax on electric and gas companies until January 1, 2036. This act would take effect on January 1, 2027.
AI Summary
This bill suspends the gross earnings tax, which is a tax levied on the total revenue of certain companies, specifically for electric and gas companies. This suspension will be in effect from January 1, 2027, until January 1, 2036, meaning these companies will not have to pay this particular tax during that period. The bill amends existing law concerning the Public Service Corporation Tax, which outlines different tax rates for various public service entities.
Committee Categories
Budget and Finance
Sponsors (10)
Charlene Lima (D)*,
Jon Brien (I),
Stephen Casey (D),
Greg Costantino (D),
Deb Fellela (D),
Marie Hopkins (R),
Tom Noret (D),
Bill O'Brien (D),
Pat Serpa (D),
Evan Shanley (D),
Last Action
Introduced, referred to House Finance (on 02/11/2026)
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/HouseText26/H7703.pdf |
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