Rhode Island creates business tax credit and sales tax exemption for affordable housing renovation

Original title: AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT (Creates an affordable housing business tax credit as well as eliminate sales tax on any materials purchased for use in the renovation of affordable rental housing.)

Last action · January 28, 2026: Introduced, referred to House FinanceSponsors: David Place and 4 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

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What This Bill Proposed

Rhode Island creates an affordable housing business tax credit and eliminates the sales tax on materials purchased for renovating affordable rental housing.

Why it matters

Property owners and developers undertaking affordable rental housing renovations face lower project costs through eliminated material sales taxes and new business tax credits.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Affordable rental housing developers

Directly affected

Businesses

Businesses can now access a new affordable housing business tax credit.

Key Facts

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Frequently Asked Questions

What tax changes does this bill introduce for affordable housing?

It creates an affordable housing business tax credit and eliminates sales tax on materials purchased to renovate affordable rental housing.

Does this bill affect single-family homes or rental properties?

The text specifies it applies to the renovation of affordable rental housing.

What else do you want to know?

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Where This Stands

This bill did not become law - Died at adjournment · introduced in the House.

Procedural history

1 action

Jan 28, 2026Introduced
Introduced, referred to House Finance

Version history

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