Rhode Island legislation · 2026 Regular Session
Rhode Island H7312: AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION (Increases the net taxable estate exemptio
Status: Failed, May 7, 2026
AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION (Increases the net taxable estate exemption to fifteen million dollars ($15,000,000) for deaths that occur on or after January 1, 2027.)
What the bill says
From the introduced text, January 23, 2026:
2026 -- H 7312 ======== LC004278 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION Introduced By: Representatives Nardone, Quattrocchi, Fascia, Santucci, Place, and Chippendale Date Introduced: January 23, 2026 Referred To: House Finance It is enacted by the General Assembly as follows: SECTION 1. Section 44-22-1.1 of the General Laws in Chapter 44-22 entitled "Estate and Transfer Taxes -- Liability and Computation" is hereby amended to read as follows: 44-22-1.1. Tax on net estate of decedent. (a)(1) For decedents whose death occurs on or after January 1, 1992, but prior to January 1, 2002, a tax is imposed upon the transfer of the net estate of every resident or nonresident decedent as a tax upon the right to transfer. The tax is a sum equal to the maximum credit for state death taxes allowed by 26 U.S.C. § 2011. (2) For decedents whose death occurs on or after January 1, 2002, but prior to January 1, 2010, a tax is imposed upon the transfer of the net estate of every resident or nonresident decedent as a tax upon the right to transfer. The tax is a sum equal to the maximum credit for state death taxes allowed by 26 U.S.C. § 2011 as it was …
Sponsors
- George Nardone (R) · primary sponsor
- Robert Quattrocchi (R)
- Richard Fascia (R, HD-042)
- Paul Santucci (R)
- David Place (R, HD-047)
- Michael Chippendale (R, HD-040)
Latest actions
- : Committee recommended measure be held for further study
- : Scheduled for hearing and/or consideration
- : Introduced, referred to House Finance
Subjects: TAXATION
Common questions
- What is H7312?
- H7312 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION (Increases the net taxable estate exemptio.
- What does H7312 do?
- AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION (Increases the net taxable estate exemption to fifteen million dollars ($15,000,000) for deaths that occur on or after January 1, 2027.)
- What is the status of H7312?
- Failed as of May 7, 2026. Latest action: Committee recommended measure be held for further study (May 7, 2026).
- Who sponsored H7312?
- George Nardone (R), with 5 co-sponsors.
- Where is the official record for H7312?
- On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7312.pdf
Source: official Rhode Island record. Tracked by Delilah, AI for legislation across all 50 states and Congress.