The Rhode Island Division of Taxation today 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.
More information is available in Advisory 2025-20.
