Rhode Island H7703: AN ACT RELATING TO TAXATION -- PUBLIC SERVICE CORPORATION TAX (Suspends the gross earnings tax on electric and gas companies unt

What the bill says

From the introduced text, February 11, 2026:

2026 -- H 7703 ======== LC005077 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO TAXATION -- PUBLIC SERVICE CORPORATION TAX Introduced By: Representatives Lima, Costantino, Fellela, Serpa, J. Brien, Casey, Noret, Hopkins, Shanley, and O'Brien Date Introduced: February 11, 2026 Referred To: House Finance It is enacted by the General Assembly as follows: SECTION 1. Section 44-13-4 of the General Laws in Chapter 44-13 entitled "Public Service Corporation Tax" is hereby amended to read as follows: 44-13-4. Rate of taxation. The tax imposed will be at the following rates: (1) In the case of every corporation whose principal business is a steamboat or ferryboat business as a common carrier, every common carrier steam or electric railroad corporation, every street railway corporation, every common carrier dining, sleeping, chair, or parlor car corporation, every corporation whose principal business is selling and distributing water to the public, and every toll bridge corporation, one and one-fourth percent (1.25%) of its gross earnings; (2) In the case of every corporation whose principal business is manufacturing, selling, distributing and/or transmitting currents of electricity to be used for light, heat, or motive power, four percent (4%) of its gross earnings, but deductions shall be made of gross earnings from the transmission or sale of electricity to other public utility corporations, non-regulated power …

Read the full official text

Sponsors

• Charlene Lima (D, HD-014) · primary sponsor
• Gregory Costantino (D)
• Deborah Fellela (D)
• Patricia Serpa (D, HD-027)
• Jon Brien (I)
• Stephen Casey (D, HD-050)
• Thomas Noret (D, HD-025)
• Marie Hopkins (R, HD-021)
• Evan Shanley (D)
• William O'Brien (D)

Latest actions

1. June 2, 2026: Committee recommended measure be held for further study
2. May 30, 2026: Scheduled for hearing and/or consideration
3. February 11, 2026: Introduced, referred to House Finance

Common questions

What is H7703?

H7703 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO TAXATION -- PUBLIC SERVICE CORPORATION TAX (Suspends the gross earnings tax on electric and gas companies unt.

What does H7703 do?

AN ACT RELATING TO TAXATION -- PUBLIC SERVICE CORPORATION TAX (Suspends the gross earnings tax on electric and gas companies until January 1, 2036.)

What is the status of H7703?

Failed as of June 2, 2026. Latest action: Committee recommended measure be held for further study (June 2, 2026).

Who sponsored H7703?

Charlene Lima (D, HD-014), with 9 co-sponsors.

Where is the official record for H7703?

On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7703.pdf