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IntroducedFeb 28, 2025
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Passed House
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Passed Senate
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Signed into Law
AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX (Authorizes a retroactive tax credit for tax yr 2026/thereafter/allowing investment tax credits to be passed through to the personal income tax returns of eligible Sub-S corporation shareholders/limited liability company members who meet certain conditions)
Last Action See all actions
House • May 06, 2025: 05/06/2025 Committee recommended measure be held for further study
Latest Bill Text See all bill texts
Companion Bills
AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX (Increases the state earned-income credit as of January 1, 2026 to seventeen percent (17%) of the federal earned-income credit, not to exceed the amount of state income tax.)
AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX (Creates an additional tax rate of 3% on taxable income over $625,000 in 2025 dollars. Applies to tax years 2026 and thereafter and not retroactively.)
AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX (Increases the Rhode Island earned-income credit to twenty percent (20%) on January 1, 2026. Such credit would not exceed the amount of state income tax.)
AN ACT RELATING TO HUMAN SERVICES -- THE RHODE ISLAND FAMILY CAREGIVER TAX CREDIT ACT (Establishes a tax credit against income tax based on eligible expenses incurred for care and support of an eligible family member.)
Summary/Bill Text
Sponsors
- Dawsonprimary
- Chippendaleprimary
- Shallcross Smithprimary
- Corveseprimary
- Brienprimary
- Baginskiprimary
Votes
Actions
- May 06, 2025 | House
- 05/06/2025 Committee recommended measure be held for further study
- May 02, 2025 | House
- 05/02/2025 Scheduled for hearing and/or consideration (05/06/2025)
- Feb 28, 2025 | House
- 02/28/2025 Introduced, referred to House Finance
Bill Texts