February 14, 2011

Rhode Island House

Bills Introduced to the Rhode Island House (Finance Committee), February 8-10

Carroll Andrew Morse

Starting with this set of posts, I will post the bills introduced to the legislature each week in separate postings, according to the initial committees that a bill gets referred to. This will help make the the posts more readable (with the exception of one committee, which I will mention in the near future...)

The "significant rewrite" versus "targeted change" distinction remains within each post, with "targeted changes" referring to cases where the intent of a bill is pretty clear, while "significant rewrites" refers to cases where the scope of the change needs to be fully understood, before a discussion can begin.

Significant Rewrites with Statewide Impact

H5280Creates an annual sales-tax holiday on the 3rd Saturday in August (With lots of exemptions to the usual sales tax exemptions).
H5281Removes from the law the specific amounts that electric and gas companies are to charge their customers for "demand side management programs".

Targeted Changes with Statewide Impact

H5282Increases the estate tax exemption to $5,000,000 starting in 2011, to be increased annually according to the consumer price index.
H5283Increases the estate tax exemption to $850,000 starting in 2011, to be increased annually according to the consumer price index. (And sponsored by the same folks who sponsored the previous bill?)
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