Rhode Island 2024 Regular Session Status: Enacted 1 D cosponsors

SB 3152 — AN ACT RELATING TO TAXATION -- TAXATION OF BANKS

Last action — 06/24/2024 Signed by Governor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced June 09, 2024. Enacted.

Signed by Governor Dan McKee (Democratic) on June 24, 2024.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows banks to choose a new method for income taxation.

This legislation provides banks with the option to elect an allocation and apportionment method for taxation purposes. The full details of the bill are not available.

Summary

Provides banks with an election to use the allocation and apportionment method of income for purposes of taxation.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 3152 on the official Rhode Island source →

Action History

  1. 06/24/2024 Signed by Governor

  2. 06/20/2024 Transmitted to Governor

  3. 06/13/2024 House passed Sub A in concurrence

  4. 06/13/2024 Placed on House Calendar (06/13/2024)

  5. 06/13/2024 Senate passed Sub A

  6. 06/11/2024 Placed on Senate Calendar (06/13/2024)

  7. 06/11/2024 Committee recommends passage of Sub A

  8. 06/10/2024 Proposed Substitute

  9. 06/09/2024 Scheduled for hearing and/or consideration (06/11/2024)

  10. 06/09/2024 Introduced, referred to Senate Finance

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 113 not signed on · 8 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (113)

113 members have not signed on to this bill.

Show all 113 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

IN CONCURRENCE

Passed 57 Yea · 3 Nay · 13 Other
Party YeaNayPresentNot Voting
Democratic 452011
Independent 1000
Unaffiliated 5103
Republican 6001
Total 573015
% of votes cast 76%4%0%20%
How each member voted (75)
Member Party Vote
Cardillo — Yea
Cruz — Not Voting
Fenton-Fung — Not Voting
Henries — Nay
Mr. Speaker — Yea
O'Brien — Yea
Rea — Yea
ShallcrossSmith — Yea
Vella-Wilkinson — Not Voting
Alex Finkelman Democratic Yea
Alex Marszalkowski Democratic Yea
Anthony J. DeSimone Democratic Yea
Arthur Handy Democratic Yea
Arthur J. Corvese Democratic Yea
Brandon C. Potter Democratic Yea
Brandon T. Voas Democratic Yea
Brian Patrick Kennedy Democratic Yea
Carol Hagan McEntee Democratic Yea
Charlene M. Lima Democratic Yea
Christopher R. Blazejewski Democratic Not Voting
David A. Bennett Democratic Yea
David Morales Democratic Not Voting
Deborah A. Fellela Democratic Yea
Edith H. Ajello Democratic Yea
Enrique George Sanchez Democratic Nay
Evan P. Shanley Democratic Yea
Grace Diaz Democratic Not Voting
Gregory J. Costantino Democratic Not Voting
Jacquelyn M. Baginski Democratic Yea
Jason Knight Democratic Yea
Jennifer A. Stewart Democratic Yea
Jennifer Smith Boylan Democratic Yea
John G. Edwards Democratic Yea
John J. Lombardi Democratic Not Voting
Jose F. Batista Democratic Yea
Joseph J. Solomon, Jr. Democratic Yea
Joseph M. McNamara Democratic Not Voting
Joshua J. Giraldo Democratic Yea
Julie A. Casimiro Democratic Yea
June Speakman Democratic Yea
Justine A. Caldwell Democratic Yea
Karen Alzate Democratic Yea
Katherine S. Kazarian Democratic Yea
Kathleen A. Fogarty Democratic Yea
Lauren H. Carson Democratic Yea
Leonela Felix Democratic Nay
Marvin L. Abney Democratic Yea
Mary Duffy Messier Democratic Not Voting
Matt S. Dawson Democratic Yea
Megan L. Cotter Democratic Yea
Mia A. Ackerman Democratic Not Voting
Michelle E. McGaw Democratic Yea
Nathan W. Biah Democratic Yea
Patricia A. Serpa Democratic Yea
Ramon A. Perez Democratic Not Voting
Raymond A. Hull Democratic Yea
Rebecca M. Kislak Democratic Yea
Robert D. Phillips Democratic Not Voting
Robert E. Craven, Sr. Democratic Yea
Samuel A. Azzinaro Democratic Yea
Scott A. Slater Democratic Yea
Stephen M. Casey Democratic Yea
Susan R. Donovan Democratic Yea
Teresa Ann Tanzi Democratic Yea
Terri Cortvriend Democratic Yea
Thomas E. Noret Democratic Not Voting
Tina L. Spears Democratic Yea
Jon D. Brien Independent Yea
Brian C. Newberry Republican Yea
David J. Place Republican Yea
Elaine J. Morgan Republican Not Voting
George A Nardone Republican Yea
Michael W. Chippendale Republican Yea
Robert J. Quattrocchi Republican Yea
Sherry Roberts Republican Yea

Official roll call →

Passage

Passed 30 Yea · 6 Nay
Party YeaNayPresentNot Voting
Democratic 21601
Unaffiliated 6000
Republican 3000
Total 30601
% of votes cast 81%16%0%3%
How each member voted (37)
Member Party Vote
Cano — Yea
DeLuca — Yea
Miller — Yea
Picard — Yea
Mr. President — Yea
de la Cruz — Yea
Alana M. DiMario Democratic Yea
Ana B. Quezada Democratic Nay
Bridget Valverde Democratic Yea
David P. Tikoian Democratic Yea
Dawn Euer Democratic Yea
Frank A. Ciccone III Democratic Yea
Hanna M. Gallo Democratic Yea
Jacob E. Bissaillon Democratic Yea
John J. Lombardi Democratic Yea
John P. Burke Democratic Yea
Jonathon Acosta Democratic Nay
Leonidas P. Raptakis Democratic Yea
Linda L. Ujifusa Democratic Nay
Louis P. DiPalma Democratic Yea
Mark McKenney Democratic Yea
Matthew L. LaMountain Democratic Yea
Meghan E. Kallman Democratic Nay
Melissa Murray Democratic Yea
Pamela J. Lauria Democratic Yea
Robert Britto Democratic Yea
Ryan W. Pearson Democratic Not Voting
Samuel D. Zurier Democratic Yea
Samuel W. Bell Democratic Nay
Tiara T. Mack Democratic Yea
V. Susan Sosnowski Democratic Yea
Valarie J. Lawson Democratic Yea
Victoria Gu Democratic Nay
Walter S. Felag Jr. Democratic Yea
Elaine J. Morgan Republican Yea
Gordon E. Rogers Republican Yea
Thomas J. Paolino Republican Yea

Official roll call →

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 3152 do?
Provides banks with an election to use the allocation and apportionment method of income for purposes of taxation.
Who sponsors SB 3152?
SB 3152 is sponsored by Louis P. DiPalma (Democratic).
What is the current status of SB 3152?
This bill has been enacted into law. Introduced June 09, 2024. Enacted.
Where can I track SB 3152?
Track SB 3152 free on One Click Politics — get push/email alerts when it moves.

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