H.R. 1 (Public Laws No.: 119-21)
The Rhode Island Division of Taxation provides guidance regarding Rhode Island tax treatment in response to the recent enactment of federal legislation, from which Rhode Island decoupled in its Fiscal Year 2026 Budget.
H.R. 1 (Public Laws No.: 119-21) was enacted on July 4, 2025 and includes tax provisions that impact tax filings for certain filers for Tax Year 2025 as well as retroactive tax provisions that could impact Tax Years 2022, 2023, and 2024.
Forms
Resources
Analysis of H.R. 1 Tax Provisions
Emergency Regulation - Business Corporation Tax (280-RICR-20-25-16) effective Dec. 15, 2025
Brief Statement of Reason for Finding Imminent Peril - Business Corp. Tax
Emergency Regulation - Personal Income Tax (280-RICR-20-55-16) effective Dec. 15, 2025
Brief Statement of Reason for Finding Imminent Peril - Personal Income Tax
Legislation passed:
House Resolution 5076 Substitute A, as amended, Article 5 §§ 3, 4, 5
Impacted statutes:
Rhode Island General Laws §§ 44-11-11, 44-30-12
Guidance:
- 2025 Summary of Legislative Changes
- ADV 2025-18 Rhode Island Decouples from Recently Enacted Federal Legislation-H.R. 1 (9/12/25)
- ADV 2025-20 Further Rhode Island Tax Guidance on H.R. 1 (Public Laws No.: 119-21) (10/2/25)
Contact Us
For individuals: Personal Income Tax and Fiduciary
Email: Tax.Assist@tax.ri.gov
Phone: 401.574.8829, option #3
For entities: Partnership, Corporate, Bank Excise
Email: Tax.Corporate@tax.ri.gov
Phone: 401.574.8829, option #6