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 act 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 is intended to provide tax relief to individuals receiving such income.

The bill specifies that for tax years beginning on or after January 1, 2026, all taxable pension and/or annuity income that is included in federal adjusted gross income will be eligible for this modification. The act is set to take effect upon passage.

Statutes affected:
5761: 44-30-12