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SB 895

AN ACT RELATING TO TAXATION -- PUBLIC SERVICE CORPORATION TAX

2025 Regular Session Introduced by Pete Appollonio and 9 co-sponsors

SB 895 modifies Rhode Island's public service corporation tax structure, potentially affecting utility rates and state revenue, but specific provisions remain unclear pending further legislative study.

06/03/2025 Committee recommended measure be held for further study
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Bill Summary · SB 895

Legislative bill overview

SB 895 proposes modifications to Rhode Island's public service corporation tax, a tax applied to utilities and other infrastructure companies that provide essential services to the public. The bill was introduced in March 2025 and currently awaits further study after a committee hearing in June 2025.

Why is this important

Public service corporation taxes directly affect utility rates paid by Rhode Island residents and businesses, as companies typically pass tax costs to consumers. Changes to this tax structure can influence business investment in infrastructure, state revenue, and the cost of essential services like electricity, water, and telecommunications.

Potential points of contention

  • Rate and revenue impacts: Unclear whether the bill raises or lowers tax burdens on utilities, affecting both state budgets and consumer utility bills
  • Competitive effects: Modifications may disadvantage certain utility types or business models differently, creating winners and losers in the energy and telecom sectors
  • Infrastructure investment: Changes could influence utility companies' willingness to invest in grid modernization, renewable energy infrastructure, or service expansion in underserved areas

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

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