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HB 7313

AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

2026 Regular Session Introduced by Karen Alzate and 9 co-sponsors

HB 7313 aims to reform Rhode Island's personal income tax by changing rates, brackets, deductions, or credits, with details yet to be released.

05/07/2026 Committee recommended measure be held for further study
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WeVote Research Nonpartisan
Bill Summary · HB 7313

Summary of HB 7313 (Rhode Island, 2026) — AN ACT RELATING TO TAXATION — PERSONAL INCOME TAX

Purpose and overall intent

HB 7313 is a Rhode Island bill proposed in the 2026 session that centers on changes to the state personal income tax. The bill’s core aim is to modify how income is taxed for individual filers, potentially altering tax rates, brackets, deductions, credits, or other tax attributes. The exact policy levers (rate changes, credits, exemptions, or deductions) are not specified in the provided summary, but the bill falls within the jurisdiction of personal income tax and is labeled as an act related to taxation.

Key provisions and changes (as typically addressed in personal income tax bills)

Note: The precise textual provisions are not included in the provided materials, but expectations for a bill of this type generally include some combination of the following elements. The summary below outlines common categories that such bills address, which would be confirmed upon full text or hearing materials.

  • Tax rate structure and brackets: Potential adjustments to marginal tax rates or the number of brackets (e.g., compressing or expanding brackets, changes in top marginal rate).
  • Deductions and exemptions: Possible changes to standard deduction amounts, personal or dependent exemptions, or itemized deduction rules.
  • Tax credits: Introduction, expansion, or sunset of credits (e.g., working families credits, earned income credits, child tax credits, education credits) that reduce the amount of tax owed.
  • Treatment of certain income: Modifications to the taxation of capital gains, pensions, Social Security benefits, or other specific income types.
  • Conformity with federal standards: Alignments or adjustments to Rhode Island’s code to reflect or diverge from federal tax code changes.
  • Administration and compliance: Changes to withholding, reporting requirements, enforcement, or refunds.
  • Effective dates: When new provisions take effect (e.g., in the current tax year, next year, or staged over multiple years).

Who would be affected

  • Individual filers in Rhode Island: The primary impact would be on residents who file personal income tax returns, including adjustments to tax liability through rates, deductions, or credits.
  • Households with specific income or credits: If credits or deductions target families, students, caregivers, or low- to moderate-income households, those groups would see direct impact.
  • Tax professionals and employers: Employers (through withholding) and tax preparers would need to adapt to any changes in withholding tables, brackets, or reporting requirements.

Procedural and timeline aspects

  • Introduction and referral: The bill was introduced and referred to the Rhode Island House Finance Committee on January 23, 2026.
  • Hearing/consideration timeline: The bill was scheduled for a hearing and/or consideration on May 7, 2026, indicating committee review and potential amendments.
  • Sponsor information: The bill has a set of co-sponsors, including Karen Alzate and a slate of ten additional co-sponsors, signaling broad Democratic caucus support in the House.

Practical considerations for readers

  • To understand the bill’s concrete impact, the following details would be essential once the bill text and fiscal notes are released:
    • Specific changes to tax rates, brackets, deductions, and credits.
    • Any sunset or phase-in provisions.
    • Revenue impact estimates and any proposed offsets or budgetary implications.
    • Effective date for changes (current year vs. future years) and transitional rules.
    • Administrative changes (withholding adjustments, filing requirements).

Bottom line

HB 7313 is a Rhode Island House bill focused on reforming the state’s personal income tax. The exact substantive provisions are not provided in the summary, but the bill is moving through the legislative process with committee consideration scheduled for May 7, 2026. Readers should consult the bill’s full text and fiscal analysis from the House Finance Committee for precise provisions, fiscal impact, and implementation timelines.

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

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