The bill amends Section 44-30-12 of the General Laws in Chapter 44-30, which pertains to personal income tax for resident individuals in Rhode Island. It introduces a new provision that allows for a modification to federal adjusted gross income for the amount received from public pension benefits administered by the employees' retirement system of Rhode Island. The bill does not include any deletions related to rebates issued to taxpayers under Section 44-30-103 or any clauses regarding expenditures eligible for federal income tax deductions disallowed under federal law (specifically 26 U.S.C. 280E). The changes are set to take effect immediately upon passage of the act.

Statutes affected:
3129: 44-30-12