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HB 8120

AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES -- ENFORCEMENT AND COLLECTION

2026 Regular Session Introduced by Jon Brien and 8 co-sponsors

HB 8120 revises Rhode Island's estate and transfer tax enforcement procedures, affecting penalty structures and collection timelines for unpaid tax obligations on property transfers and estates.

04/30/2026 Committee recommended measure be held for further study
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Bill Summary · HB 8120

Legislative bill overview

HB 8120 modifies Rhode Island's enforcement and collection procedures for estate and transfer taxes. The bill adjusts how the state pursues unpaid tax obligations on estates and property transfers, potentially revising penalty structures, collection timelines, or administrative processes related to these taxes.

Why is this important

Estate and transfer taxes significantly impact family wealth transfer and small business succession planning in Rhode Island. Changes to enforcement mechanisms directly affect taxpayers' compliance costs, payment deadlines, and potential penalties—influencing financial planning decisions for families managing estates and business owners preparing succession strategies.

Potential points of contention

  • Revenue vs. compliance burden: Stricter enforcement may increase state revenue but could impose substantial administrative costs on estates and their representatives, particularly affecting smaller estates with limited resources
  • Penalty structure concerns: Modifications to penalties or interest calculations may be viewed as either necessary fairness adjustments or unfair retroactive burdens on taxpayers already navigating complex tax obligations
  • Small business impact: Enhanced collection mechanisms could disproportionately affect family businesses and farms subject to transfer taxes, raising concerns about forced asset liquidation to meet tax obligations

Compiled from official sources — confirm details with the bill’s official record.

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