States / Rhode Island / HB 8450

HB 8450 Failed

AN ACT RELATING TO CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- RHODE ISLAND BUSINESS CORPORATION ACT -- THE RHODE ISLAND BUSINESS CLIMATE REFORM ACT

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Adopts several concepts from other jurisdictions with the goal of promoting a stronger climate for business growth in Rhode Island, including a "Franchise Fee" in lieu of the corporation tax.

Chamber
House
Introduced
Apr 15, 2026
Last action
Apr 28, 2026 — 04/28/2026 Committee recommended measure be held for further study
Sponsor
Joseph Solomon D
Session
2026
Momentum
5 · Stalled