The bill amends Section 44-13-4 of the General Laws concerning the Public Service Corporation Tax. It introduces a suspension of the gross earnings tax on electric and gas companies, effective January 1, 2026, and lasting until January 1, 2035. The current tax rate of three percent (3%) on these entities will be suspended during this period. The act is set to take effect on January 1, 2026.

Statutes affected:
6013: 44-13-4