2025 -- H 5142
========
LC000114
========
S T A T E O F R H O D E I S L A N D
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2025
____________
A N A C T
RELATING TO PUBLIC FINANCE - REVENUE ESTIMATING CONFERENC ES
Introduced By: Representatives J. Lombardi, Hull, Potter, and Felix
Date Introduced: January 22, 2025
Referred To: House Finance
It is enacted by the General Assembly as follows:
SECTION 1. Section 35-16-2 of the General Laws in Chapter 35-16 entitled "Revenue 1
Estimating Conferences" is hereby amended to read as follows: 2
35-16-2. Meetings. 3
(a) The principals of the R.E.C. shall meet within the first ten (10) days of May and last 4
ten (10) days of April and the first ten (10) days of November of each year. 5
(b) The primary purpose of regularly scheduled conferences is to prepare economic 6
forecasts and forecast revenue estimates and review current revenue collections under current tax 7
law. The conference principals can agree, however, to address special legislation or special topics. 8
(c) Prior to each R.E.C., the principals will determine the documentation and information 9
necessary to support that conference. 10
(d) No votes will be taken in the revenue estimating conferences. These are truly consensus 11
conferences and all principals must agree and are bound to the conference recommendations. 12
SECTION 2. This act shall take effect upon passage. 13
========
LC000114
========
LC000114 - Page 2 of 2
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO PUBLIC FINANCE - REVENUE ESTIMATING CONFERENCES
***
This act would change the timeframe of the Revenue Estimating Conferences meeting to 1
within the last ten (10) days of April and the first ten (10) days of November of each year. 2
This act would take effect upon passage. 3
========
LC000114
========