| RI | S2355 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Creates an additional Rhode Island personal income surtax of 3% on taxable income over $1,000,000, with the existing three-bracket personal income tax structure remaining in place.
[Detail][Text][Discuss] | 2024-05-30
To Senate Finance Committee |
| RI | S2930 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Provides a tax credit to individual taxpayers who convert their gas-powered vehicle into a vehicle propelled by an alternative fuel source.
[Detail][Text][Discuss] | 2024-05-30
To Senate Finance Committee |
| RI | S2061 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows a modification to federal adjusted gross income for all social security income for tax years beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-05-28
To Senate Finance Committee |
| RI | S2158 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Phases in modifications to federal adjusted gross income over a 4 year period for social security income, from 25% up to 100%, beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-05-28
To Senate Finance Committee |
| RI | S2054 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Increases the state earned-income credit as of January 1, 2025 to seventeen percent (17%) of the federal earned-income credit, not to exceed the amount of state income tax.
[Detail][Text][Discuss] | 2024-05-23
To Senate Finance Committee |
| RI | S2159 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows real property owner a one-time non-refundable tax credit for the actual costs of connecting a single family or multi-family dwelling to a municipal sewer system credited to the owner's personal or corporate in...
[Detail][Text][Discuss] | 2024-05-23
To Senate Finance Committee |
| RI | S2563 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - 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, 2024.
[Detail][Text][Discuss] | 2024-05-23
To Senate Finance Committee |
| RI | S2960 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows a modification to federal adjusted gross income of fifty thousand dollars ($50,000) of taxable pension and/or annuity income for tax years beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-05-23
To Senate Finance Committee |
| RI | H7480 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Provides a tax credit to individual taxpayers who convert their gas-powered vehicle into a vehicle propelled by an alternative fuel source.
[Detail][Text][Discuss] | 2024-05-14
To House Finance Committee |
| RI | H7120 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows a deduction from federal adjusted gross income for interest payments on outstanding student loans.
[Detail][Text][Discuss] | 2024-05-14
To House Finance Committee |
| RI | H7486 | Intro
25% | TAXATION -- PERSONAL INCOME TAX -- CAPITAL GAINS - Amends the capital gains tax rates and holding period from 5 years to 1 year. Imposes a non-owner occupied tax on homes assessed at more than $1,000,000.
[Detail][Text][Discuss] | 2024-05-14
To House Finance Committee |
| RI | H7924 | Intro
25% | TAXATION -- PERSONAL INCOME TAX -- CHILD TAX CREDIT - Establishes a child tax credit of one thousand dollars ($1,000) per dependent.
[Detail][Text][Discuss] | 2024-05-09
To House Finance Committee |
| RI | S2575 | Intro
25% | TAXATION -- PERSONAL INCOME TAX -- CHILD TAX CREDIT - Establishes a child tax credit of one thousand dollars ($1,000) per dependent.
[Detail][Text][Discuss] | 2024-05-07
To Senate Finance Committee |
| RI | H7338 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Creates an additional Rhode Island personal income surtax of 3% on taxable income over $1,000,000, with the existing three-bracket personal income tax structure remaining in place.
[Detail][Text][Discuss] | 2024-05-02
To House Finance Committee |
| RI | H7589 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Raises the earned-income tax credit from sixteen percent (16%) to thirty percent (30%) for the tax years 2025 and beyond.
[Detail][Text][Discuss] | 2024-05-02
To House Finance Committee |
| RI | H7929 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Authorizes a retroactive tax credit for tax yr 2022/thereafter/allowing investment tax credits to be passed through to the personal income tax returns of eligible Sub-S corporation shareholders/limited liability comp...
[Detail][Text][Discuss] | 2024-05-02
To House Finance Committee |
| RI | S3032 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Authorizes a retroactive tax credit for tax yr 2022/thereafter/allowing investment tax credits to be passed through to the personal income tax returns of eligible Sub-S corporation shareholders/limited liability comp...
[Detail][Text][Discuss] | 2024-05-02
To Senate Finance Committee |
| RI | H7485 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows a modification for all taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-04-25
To House Finance Committee |
| RI | H7588 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Phases in modifications to federal adjusted gross income over a four (4) year period for social security income, from twenty percent (20%) up to eighty percent (80%), beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-04-25
To House Finance Committee |
| RI | H7682 | Intro
25% | TAXATION -- PERSONAL INCOME TAX -- PART 44-30-81 PROCEDURE AND ADMINISTRATION - Provides, for the tax year 2023 and thereafter, that any tax overpayment would be refunded with interest calculated at twelve percent (12%) compounded daily if not receiv...
[Detail][Text][Discuss] | 2024-04-11
To House Finance Committee |
| RI | S2313 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Allows a modification up to $50,000 of taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
[Detail][Text][Discuss] | 2024-03-12
To Senate Finance Committee |
| RI | S2596 | Intro
25% | TAXATION -- PERSONAL INCOME TAX -- CAPITAL GAINS - Amends the capital gains tax rates and holding period from 5 years to 1 year. Imposes a non-owner occupied tax on homes assessed at more than $1,000,000.
[Detail][Text][Discuss] | 2024-03-01
To Senate Finance Committee |
| RI | S2568 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Excludes all overtime earned by an individual from adjusted gross income for tax years 2025 and 2026 and defines overtime as payment of at least 1½ times the rate of regular pay for hours worked over the standard fo...
[Detail][Text][Discuss] | 2024-03-01
To Senate Finance Committee |
| RI | S2058 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Increases the federal adjusted gross income threshold for modification for taxable social security income. Amends references to federal adjusted gross income as pertains to modification of taxable retirement income f...
[Detail][Text][Discuss] | 2024-01-12
To Senate Finance Committee |
| RI | S2067 | Intro
25% | TAXATION -- PERSONAL INCOME TAX - Amends modifications to income tax for residents to now include an exemption for a foreign service officer's pension.
[Detail][Text][Discuss] | 2024-01-12
To Senate Finance Committee |
