The bill amends Section 44-30-12 of the General Laws in Chapter 44-30, which pertains to personal income tax in Rhode Island. The bill allows individuals to subtract all social security income from their federal adjusted gross income for tax years beginning on or after January 1, 2026. This provision aims to provide tax relief to residents by excluding social security income from taxable income.

The act is set to take effect upon passage.

Statutes affected:
245: 44-30-12