Rhode Island · 2025 Regular Session · Bill
SB 455: AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES--LIABILITY AND COMPUTATION
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 455 is a bill introduced in the Rhode Island Senate on February 26, 2025. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- ESTATE AND TRANSFER TAXES--LIABILITY AND COMPUTATION. Primary sponsor: David Tikoian (Democratic), Ryan Pearson (Democratic), Hanna Gallo (Democratic), Thomas Paolino (Republican). Most recent recorded action (June 3, 2025): 06/03/2025 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.
Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Tikoian | Primary sponsor | Democratic | Senate | 22 |
| Ryan Pearson | Primary sponsor | Democratic | Senate | 19 |
| Hanna Gallo | Primary sponsor | Democratic | Senate | 27 |
| Thomas Paolino | Primary sponsor | Republican | Senate | 17 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 06/03/2025 Committee recommended measure be held for further study
- 05/30/2025 Scheduled for hearing and/or consideration (06/03/2025)
- 02/26/2025 Introduced, referred to Senate Finance