← All Rhode Island bills

S3154Introduced in the Senate

Imposes a tax equal to four percent (4%) on net investment income, such as interest, dividends, annuities, royalties, capital gains and rental income, of high-income households, estates and trusts, based upon federal guidelines.

IntroducedSenate Finance

Introduced by Meghan Kallman, District 15

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

TAXATION -- WEALTH PROCEEDS TAX - Imposes a tax equal to four percent (4%) on net investment income, such as interest, dividends, annuities, royalties, capital gains and rental income, of high-income households, estates and trusts, based upon federal guidelines.

Where it stands

Committee recommended measure be held for further study

April 30, 2026

How did lawmakers vote?

SenateStage: Senate Committee on Finance: Be held for further study · April 30, 2026

7

Yes

0

No

4

Absent or Not Voting

11 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each senator voted

Bill history

  1. Introduced, referred to Senate Finance

  2. Scheduled for hearing and/or consideration (04/30/2026)

  3. Committee recommended measure be held for further study

Verify the information

Our commitment to neutrality

We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.