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Rhode Island · 2026 Regular Session · Bill

HB 7696: AN ACT RELATING TO TAXATION -- EMPLOYEE OWNERSHIP TAX CREDIT

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 7696 is a bill introduced in the Rhode Island House on February 11, 2026. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- EMPLOYEE OWNERSHIP TAX CREDIT. Primary sponsor: Justine Caldwell (Democratic), Jay Edwards (Democratic), Grace Diaz (Democratic), David Bennett (Democratic), Robert Craven (Democratic), Tina Spears (Democratic), Carol McEntee (Democratic). Most recent recorded action (April 9, 2026): 04/09/2026 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.

Establishes a tax credit for businesses transitioning to employee ownership.

Sponsors

Sponsors by party (alphabetical): Democratic 7

NameRolePartyChamberDistrict
Justine CaldwellPrimary sponsorDemocraticHouse30
Jay EdwardsPrimary sponsorDemocraticHouse70
Grace DiazPrimary sponsorDemocraticHouse11
David BennettPrimary sponsorDemocraticHouse20
Robert CravenPrimary sponsorDemocraticHouse32
Tina SpearsPrimary sponsorDemocraticHouse36
Carol McEnteePrimary sponsorDemocraticHouse33

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. 04/09/2026 Committee recommended measure be held for further study
  2. 04/03/2026 Scheduled for hearing and/or consideration (04/09/2026)
  3. 02/11/2026 Introduced, referred to House Finance

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source