Rhode Island 2026 Regular Session

Rhode Island House Bill H7152

Introduced
1/16/26  

Caption

Increases the minimum veterans’ exemption from one thousand dollars ($1,000) to six thousand dollars ($6,000) with respect to municipal taxes.

Impact

If passed, this bill would enhance financial relief for veterans, allowing them to retain more of their income by reducing the tax burden associated with property ownership. By raising the exemption limit, it seeks to address the financial challenges many veterans face, especially those on fixed incomes or with disabilities. Furthermore, the legislation empowers city and town councils to provide additional exemptions or tax relief based on local needs and circumstances, potentially leading to a variation in local tax policies tailored to better support their veteran populations.

Summary

House Bill 7152 aims to increase the minimum veterans' exemption from municipal taxes from $1,000 to $6,000, significantly impacting property tax laws within Rhode Island. The bill proposes that the increase to the exemption will apply to any person who served in the military and was honorably discharged, including the property of their unmarried widows or widowers. This change effectively amends the taxation laws concerning how municipalities assess property values for tax purposes pertaining to veterans.

Contention

Notable points of contention concerning this bill may arise from the budgetary impacts that increased exemptions could have on municipal revenue. Opponents may argue that while the intentions behind the bill are commendable, the widespread application of such exemptions could lead to significant reductions in funding for local services, straining the finances of municipalities. Additionally, disparities in local governance and approaches could lead to inconsistencies in the application of the exemption, thus raising questions about equitable treatment for veterans across different regions.

Companion Bills

No companion bills found.

Previously Filed As

RI H5309

Increases the minimum veterans’ exemption from one thousand dollars ($1,000) to six thousand dollars ($6,000) with respect to municipal taxes.

RI S0447

Establishes a child tax credit of one thousand dollars ($1,000) per dependent.

RI H6072

Establishes a child tax credit of one thousand dollars ($1,000) per dependent.

RI H5607

Redefines “farm” by reducing the amount of revenue from farm products required to be sold from ten thousand ($10,000) to two thousand five hundred dollars ($2500).

RI S0781

Redefines “farm” by reducing the amount of revenue from farm products required to be sold from ten thousand ($10,000) to two thousand five hundred dollars ($2500).

RI H5218

Increases insurance coverage for hearing aids from one thousand five hundred dollars ($1,500) to one thousand seven hundred fifty dollars ($1,750), per ear, for all people regardless of age effective January 1, 2026.

RI S0120

Increases insurance coverage for hearing aids from one thousand five hundred dollars ($1,500) to one thousand seven hundred fifty dollars ($1,750), per ear, for all people regardless of age effective January 1, 2026.

RI S0027

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.

RI S0451

Exempts the sale of Bitcoin from state income tax, if such sale is valued at less than one thousand dollars ($1,000).

RI S0783

Increases the threshold limit for charitable organizations with an annual gross income of five hundred thousand dollars ($500,000) to one million dollars ($1,000,000) or more.

Similar Bills

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MO SB1023

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MO SB919

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