The bill amends Section 44-30-12 of the General Laws in Chapter 44-30, which pertains to Rhode Island's personal income tax. It introduces a modification that allows for the inclusion of all taxable pension and/or annuity income in federal adjusted gross income for tax years beginning on or after January 1, 2026. This modification applies to all taxable pension and/or annuity income that is included in federal adjusted gross income for the taxable year.

The act is set to take effect upon passage, with the new provisions becoming effective starting January 1, 2025, for certain modifications.

Statutes affected:
5761: 44-30-12