Updated August 7, 2026. Quick answer: every figure Clear Money Guide holds about Rhode Island, on one page, each one copied from a dataset that cites its own statute or agency. Built for reporters on deadline — take any line, follow the link for the source.
What stands out about Rhode Island
These are the figures where Rhode Island differs most from the rest of the country — selected by counting how many jurisdictions share each value, not by editorial preference.
- Disclosure trigger: on applicant request — the only jurisdiction of the 51 we have data for
- Formation fee: $150 — the only jurisdiction of the 48 we have data for
- Grace period days: 31 days, or one month following any subsequent premium due date — the only jurisdiction of the 47 we have data for
- Deposit cap: 1 month’s periodic rent (maximum) — the only jurisdiction of the 37 we have data for
What dying costs here
- Small estate limit: 15000
- Small estate scope: personal_only
- State estate tax exemption: 1838056
Source and full detail: the cost-of-dying index. Figures copied from those pages, which own them.
Estate and property law status
- Authorized: yes
- Statute or act: R.I. Gen. Laws 42-30.1-12.1 and 42-30.1-12.2, enacted P.L. 2022 ch. 438 s3 and ch. 439 s3 (S 2705 / H 7363)
- Effective date: 2022-06-30
- Conditions: Notary must be a Rhode Island resident; must use a Department of State-approved technology provider; identity via ID document plus knowledge-based authentication and/or two-factor identity proofing; audiovisual recording retained 10 years; fee capped at $25.
- Association name: Rhode Island Life and Health Insurance Guaranty Association
- Death benefit limit: $300,000
- Cash surrender limit: $100,000
- Annuity limit: $250,000
- Aggregate limit: $300,000
- Statute citation: R.I. Gen. Laws § 27-34.3-3 (Coverage and limitations)
- Free look days: 20 days for policies and contracts delivered on or after January 1, 2008 (10 days for those delivered after July 1, 1978 and before that date)
- Trigger: delivery of the policy or contract to that person
- Refund basis: a refund of the premium paid
- Grace period days: 31 days, or one month following any subsequent premium due date
- Coverage during grace: the policy shall continue in full force; on death during grace the insurer may deduct from the policy proceeds the portion of any unpaid premium applicable to the period ending with the last day of the policy month in which the death occurred, and where death occurs in a period for which premium …
- Variations: Does not apply to single premium or paid-up policies
Source and full detail: notary rules by state · guaranty association limits · life insurance free-look periods · life insurance grace periods. Figures copied from those pages, which own them.
Working and earning here
- Quit deadline: By the next regular payday
- Fired deadline: By the next regular payday
- Statute citation: R.I. Gen. Laws 28-14-4, 28-14-17
- Has law: Yes
- Disclosure trigger: on applicant request
- Employer threshold: none — all employers
- Effective date: 2023-01-01
- Salary history ban: Yes
- Max weeks family: 8
- Max weeks medical: 30
- Funding: employee only — 1.1% employee wage deduction on the first $100,000 of wages in 2026; no employer contribution
- Benefits effective date: 2014-01-01
- Mandatory: Yes
- Contested: No
Source and full detail: final paycheck laws by state · pay transparency laws by state · paid family leave by state · the convenience-of-the-employer rule. Figures copied from those pages, which own them.
Renting here
- Deposit cap: 1 month’s periodic rent (maximum)
- Return deadline: 20 days after the latest of: termination of the tenancy, delivery of possession, or the tenant providing a forwarding address
- Interest required: no
- Statute citation: R.I. Gen. Laws § 34-18-19
Source and full detail: security deposit law by state. Figures copied from those pages, which own them.
Starting a business here
- Formation fee: $150
- Annual report: $50
- Franchise tax: $400 annual charge
- Publication requirement: none identified
- Statute citation: R.I. Gen. Laws § 7-16-65 (filing, service and copying fees); § 7-16-66 (annual report); § 7-16-67 (annual charge); § 44-11-2(e) (minimum tax)
- Five year total: $2,400
Source and full detail: LLC cost by state. Figures copied from those pages, which own them.
Tax treatment here
- Has law: Yes
- Treatment: ordinary income
- Rate: 5.99% top marginal
- Preferential mechanism: none
- Tax year: 2026
- Statute citation: R.I. Gen. Laws sec. 44-30-2.6(c)(2)(A)(I)
Source and full detail: capital gains tax by state. Figures copied from those pages, which own them.
For journalists: how to cite this
Clear Money Guide, Rhode Island Money Statistics 2026. https://clearmoneyguide.com/state-money-statistics/rhode-island/. Every figure on this page is copied from a Clear Money Guide dataset that states its own primary source and the date it was read — follow the section links for the statute or agency behind any number. Free to reuse with attribution under CC BY 4.0.
What this sheet does and does not contain
This sheet aggregates; it does not research. Every figure is copied from the owning page linked in each section, and a figure we do not own is simply absent — not estimated, not inferred from a neighbouring state. That is why sheets differ in length: this one states 49 figures, and a state where we hold less will show fewer. A short sheet means we have less, not that the state has less.
Statutory law changes. Each linked owner page carries the date its figures were read; check there before relying on anything here. See also Rhode Island financial adviser statistics and all 51 state money sheets.
General information about published law and public data, not legal, tax or investment advice. No advertising appears on this page and we earn nothing from it.