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Rhode Island · 2026 Regular Session · Bill

HB 8450: AN ACT RELATING TO CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- RHODE ISLAND BUSINESS CORPORATION ACT -- THE RHODE ISLAND BUSINESS CLIMATE REFORM ACT

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 8450 is a bill introduced in the Rhode Island House on April 15, 2026. According to its official title, it concerns: AN ACT RELATING TO CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- RHODE ISLAND BUSINESS CORPORATION ACT -- THE RHODE ISLAND BUSINESS CLIMATE REFORM ACT. Primary sponsor: Joseph Solomon (Democratic), Paul Santucci (Republican), Jon Brien (Independent), Bob Phillips (Democratic), Scott Slater (Democratic), Alex Marszalkowski (Democratic), Mike Chippendale (Republican), Alex Finkelman (Democratic), Joe Shekarchi (Democratic), Brian Newberry (Republican). Most recent recorded action (April 28, 2026): 04/28/2026 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.

Adopts several concepts from other jurisdictions with the goal of promoting a stronger climate for business growth in Rhode Island, including a "Franchise Fee" in lieu of the corporation tax.

Sponsors

Sponsors by party (alphabetical): Democratic 6 · Independent 1 · Republican 3

NameRolePartyChamberDistrict
Joseph SolomonPrimary sponsorDemocraticHouse22
Paul SantucciPrimary sponsorRepublicanHouse53
Jon BrienPrimary sponsorIndependentHouse49
Bob PhillipsPrimary sponsorDemocraticHouse51
Scott SlaterPrimary sponsorDemocraticHouse10
Alex MarszalkowskiPrimary sponsorDemocraticHouse52
Mike ChippendalePrimary sponsorRepublicanHouse40
Alex FinkelmanPrimary sponsorDemocraticHouse74
Joe ShekarchiPrimary sponsorDemocraticHouse23
Brian NewberryPrimary sponsorRepublicanHouse48

“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. 04/28/2026 Committee recommended measure be held for further study
  2. 04/24/2026 Scheduled for hearing and/or consideration (04/28/2026)
  3. 04/15/2026 Introduced, referred to House Corporations

Sources

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