2012 -- H 7107

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LC00236

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO TAXATION -- REFUND DEDUCTION FOR WATERFIRE

     

     

     Introduced By: Representatives Costa, Fox, Williams, Carnevale, and Medina

     Date Introduced: January 12, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is

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hereby amended by adding thereto the following section:

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     44-30-2.11. Refund deduction for contributions to Waterfire. – (a) There shall be

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provided as a deduction from any refund from the Rhode Island personal income tax otherwise

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due to a taxpayer for a taxable year a contribution to an entity established or to be established by

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the city of Providence for the sole purpose of providing financial support for Waterfire events.

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The provision for the contribution shall appear on the state personal income tax return as follows:

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     Waterfire events fund.

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     Check is you wish to contribute [ ] $1, [ ] $5, [ ] $10, or [ ] $ (Write in amount of

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your tax REFUND for this program.).

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     (b) The tax administrator shall annually forward by August 1, all contributions made to

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the Waterfire events fund to the city treasurer of the city of Providence for deposit into a

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restricted accounted devoted solely to the support of Waterfire events.

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     (c) The provisions of this section shall commence for returns filed for the tax year ending

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December 31, 2012.

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     SECTION 2. This act shall take effect upon passage.

     

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LC00236

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION -- REFUND DEDUCTION FOR WATERFIRE

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     This act would add Waterfire to the contribution check offs available on the Rhode Island

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personal income tax return.

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     This act would take effect upon passage.

     

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LC00236

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H7107