Rhode Island S2544 suspends the gross earnings tax on electric and gas companies until January 1, 2036.
Rhode Island S2544 amends the Public Service Corporation Tax to suspend the gross earnings tax on electric and gas companies until January 1, 2036. The tax, which is currently three percent of gross earnings for these companies, will be halted starting January 1, 2027, when the bill takes effect. This change affects corporations primarily involved in selling and distributing electricity and gas to the public.
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