The bill amends Section 44-30-2.6 of the General Laws in Chapter 44-30, which governs Rhode Island's personal income tax. It introduces a Rhode Island earned-income credit for taxpayers entitled to a federal earned-income credit, allowing a credit equal to twenty percent (20%) of the federal earned-income credit for tax years beginning on or after January 1, 2026. This credit shall not exceed the amount of the Rhode Island income tax. The act is designed to support low- to moderate-income families through enhanced tax credits and will take effect upon passage.

Statutes affected:
244: 44-30-2.6