SENATE RESOLUTION AMENDING THE RULES OF THE SENATE FOR THE YEARS 2023-2024 (This resolution would amend the rules of the Senate relative to committees and would create a new committee on artificial intelligence and emerging technologies.)
Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Reduces the time, from three (3) years to six (6) months, required for a nonimmigrant foreign national student, who has resided in Rhode Island, to be eligible to pay the same in-state tuition as any other Rhode Island student.
Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
Raises the amount of life insurance the state provides at no charge to Rhode Island National Guard members called up for federal duty to five hundred thousand dollars ($500,000).
Allows a modification to federal adjusted gross income of twenty thousand dollars ($20,000) of social security income for tax years beginning on or after January 1, 2025.
Requires commercial property owners to install vehicle barriers at their retail establishment locations when new construction are being done and permits insurers to consider the installation to provide a discount on the owner's insurance policy.