H8450Introduced in the House
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.
Introduced by Brian Newberry, District 48
What does this bill do?
Plain-English breakdown
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Official description
CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- RHODE ISLAND BUSINESS CORPORATION ACT -- THE RHODE ISLAND BUSINESS CLIMATE REFORM ACT - 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.
Where it stands
Committee recommended measure be held for further study
April 28, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced, referred to House Corporations
Scheduled for hearing and/or consideration (04/28/2026)
Committee recommended measure be held for further study
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