Rhode Island · 2025 Regular Session · Bill
HB 5402: AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 5402 is a bill introduced in the Rhode Island House on February 7, 2025. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT. Primary sponsor: Bob Quattrocchi (Republican), Chris Paplauskas (Republican), David Place (Republican). Most recent recorded action (May 13, 2025): 05/13/2025 Committee recommended measure be held for further study.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.
Sponsors
Sponsors by party (alphabetical): Republican 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bob Quattrocchi | Primary sponsor | Republican | House | 41 |
| Chris Paplauskas | Primary sponsor | Republican | House | 15 |
| David Place | Primary sponsor | Republican | House | 47 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 05/13/2025 Committee recommended measure be held for further study
- 05/09/2025 Scheduled for hearing and/or consideration (05/13/2025)
- 02/07/2025 Introduced, referred to House Finance