Requires the public utilities commission (PUC) to produce a report by January 1, 2026 and each January 1 thereafter, on the ability for the current electric grid to handle the electrification load need to power cars, buildings, and heating of homes.
Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.
Allows a modification for all taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2026.
Requires the public utilities commission to produce a report each January containing an analysis of the electric grid and its ability to supply the electricity needs to power cars, buildings and heat homes within the state.
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.