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 eligible social security recipients to subtract $25,000 of social security income from their federal adjusted gross income for tax years beginning on or after January 1, 2027. This provision aims to provide tax relief to residents receiving social security benefits. The act is set to take effect upon passage.

Statutes affected:
2536: 44-30-12