AN ACT RELATING TO TAXATION -- PROPERTY TAX RELIEF (Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.)

S2031

2026 -- S 2031
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LC003265
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STATE OF RHODE ISLAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2026
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A N A C T
RELATING TO TAXATION -- PROPERTY TAX RELIEF

Introduced By:
Senators Ujifusa, DiPalma, Ciccone, Famiglietti, DiMario, Valverde, Gu,
McKenney, Murray, and Lauria

Date Introduced:
January 09, 2026

Referred To:
Senate Finance
It is enacted by the General Assembly as follows:
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SECTION 1. Section 44-33-9 of the General Laws in Chapter 44-33 entitled "Property Tax
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Relief" is hereby amended to read as follows:
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44-33-9. Computation of credit.
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The amount of any claim made pursuant to this chapter shall be determined as follows:
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(1) For any taxable year, a claimant is entitled to a credit against his or her tax liability
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equal to the amount by which the property taxes accrued or rent constituting property taxes accrued
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upon the claimant’s homestead for the taxable year exceeds a certain percentage of the claimant’s
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total household income for that taxable year, which percentage is based upon income level and
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household size. The credit shall be computed in accordance with the following table:
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Income Range 1 Person 2 or More Persons
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less than $6000 3% 3%
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$6001-9000 4% 4%
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$9001-12000 5% 5%
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$12001-15000 6% 5%
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$15001-
35000

50000
6% 6%
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(2) The maximum amount of the credit granted under this chapter will be as follows:
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Year Credit Maximum
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Commencing July 1977 $ 55.00
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Commencing July 1978 $150.00

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Commencing July 1979 $175.00
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Commencing July 1980 $200.00
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Commencing on July 1997 and subsequent years $250.00
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Commencing on July 2006 $300.00
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Commencing July 2007 and subsequent tax years ending on or before December 31, 2021,
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the credit shall be increased, at a minimum, to the maximum amount to the nearest five dollars
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($5.00) increment within the allocation of five one-hundredths of one percent (0.05%) of net
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terminal income derived from video lottery games up to a maximum of five million dollars
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($5,000,000) until a maximum credit of five hundred dollars ($500) is obtained pursuant to the
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provisions of § 42-61-15. In no event shall the exemption in any fiscal year be less than the prior
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fiscal year.
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For tax years beginning on or after January 1, 2022, the maximum credit shall be six
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hundred dollars ($600).
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For tax years beginning on or after January 1, 2027, the maximum credit shall be eight
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hundred fifty dollars ($850).
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For tax years beginning on or after January 1, 2023 , the income range provided pursuant
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to subsection (1) of this section and the maximum credit granted pursuant to subsection (2) of this
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section shall be adjusted by the percentage increase in the Consumer Price Index for all Urban
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Consumers (CPI-U) as published by the United States Department of Labor Statistics determined
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as of September 30 of the prior calendar years. Said adjustment shall be compounded annually and
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shall be rounded up to the nearest five dollar ($5.00) increment. In no event shall the income range
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or the maximum credit in any tax year be less than the prior tax year.
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SECTION 2. This act shall take effect upon passage.
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EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO TAXATION -- PROPERTY TAX RELIEF
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This act would increase the income range up to fifty thousand dollars ($50,000) and tax
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credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent
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their homes.
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This act would take effect upon passage.
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LC003265
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