---
type: "Bill"
title: "AN ACT RELATING TO TAXATION -- TAXATION OF BANKS"
description: "Provides banks with an election to use the allocation and apportionment method of income for purposes of taxation."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2024"
identifier: "SB 3152"
citation: "Rhode Island SB 3152 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["DiPalma"]
version_count: 1
action_count: 10
vote_count: 2
first_action: "2024-06-09"
last_action: "2024-06-24"
source: "openstates"
source_identifier: "ocd-bill/93c8554e-d3dc-4a7e-ab51-dea67b3e5236"
source_url: "https://status.rilegislature.gov/"
source_hash: "8fc0b7b6f2ed7ea47adb020c3a57d9f18f1edef1f3ecd95573eb25d97766255a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ri"]
---

# Rhode Island SB 3152 (2024) — AN ACT RELATING TO TAXATION -- TAXATION OF BANKS

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

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **3152 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText24/SenateText24/S3152A.pdf)

## Votes

- Passage — **30–6** (pass) · upper
- IN CONCURRENCE — **57–3** (pass) · upper

## Sponsors

- DiPalma — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-06-09** 06/09/2024 Introduced, referred to Senate Finance `introduction, referral-committee`
- **2024-06-09** 06/09/2024 Scheduled for hearing and/or consideration (06/11/2024)
- **2024-06-10** 06/10/2024 Proposed Substitute `substitution`
- **2024-06-11** 06/11/2024 Committee recommends passage of Sub A `committee-passage-favorable`
- **2024-06-11** 06/11/2024 Placed on Senate Calendar (06/13/2024) `reading-3`
- **2024-06-13** 06/13/2024 Senate passed Sub A `passage`
- **2024-06-13** 06/13/2024 Placed on House Calendar (06/13/2024) `reading-3`
- **2024-06-13** 06/13/2024 House passed Sub A in concurrence `passage`
- **2024-06-20** 06/20/2024 Transmitted to Governor `executive-receipt`
- **2024-06-24** 06/24/2024 Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/93c8554e-d3dc-4a7e-ab51-dea67b3e5236`. Confidence: reported (aggregated from official Rhode Island legislature records).