The bill amends Section 44-30-12 of the General Laws in Chapter 44-30, which pertains to personal income tax for Rhode Island residents. The bill allows individuals to subtract up to twenty thousand dollars ($20,000) of social security income from their federal adjusted gross income for tax years beginning on or after January 1, 2025. This modification is intended to provide tax relief to residents by adjusting the treatment of social security income under state tax law. The act will take effect upon passage.

Statutes affected:
33: 44-30-12