Rhode Island · 2026 Regular Session · Bill
SB 3154: AN ACT RELATING TO TAXATION -- WEALTH PROCEEDS TAX
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 3154 is a bill introduced in the Rhode Island Senate on March 27, 2026. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- WEALTH PROCEEDS TAX. Primary sponsor: Sue Sosnowski (Democratic), Bob Britto (Democratic), Lammis Vargas (Democratic), Tiara Mack (Democratic), Alana DiMario (Democratic), Linda Ujifusa (Democratic), Bridget Valverde (Democratic), Pam Lauria (Democratic), Meghan Kallman (Democratic). Most recent recorded action (April 30, 2026): 04/30/2026 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.
Imposes a tax equal to four percent (4%) on net investment income, such as interest, dividends, annuities, royalties, capital gains and rental income, of high-income households, estates and trusts, based upon federal guidelines.
Sponsors
Sponsors by party (alphabetical): Democratic 9
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Sue Sosnowski | Primary sponsor | Democratic | Senate | 37 |
| Bob Britto | Primary sponsor | Democratic | Senate | 18 |
| Lammis Vargas | Primary sponsor | Democratic | Senate | 28 |
| Tiara Mack | Primary sponsor | Democratic | Senate | 6 |
| Alana DiMario | Primary sponsor | Democratic | Senate | 36 |
| Linda Ujifusa | Primary sponsor | Democratic | Senate | 11 |
| Bridget Valverde | Primary sponsor | Democratic | Senate | 35 |
| Pam Lauria | Primary sponsor | Democratic | Senate | 32 |
| Meghan Kallman | Primary sponsor | Democratic | Senate | 15 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 04/30/2026 Committee recommended measure be held for further study
- 04/24/2026 Scheduled for hearing and/or consideration (04/30/2026)
- 03/27/2026 Introduced, referred to Senate Finance