|
2012 -- H 7107 | |
|
======= | |
|
LC00236 | |
|
======= | |
|
STATE OF RHODE ISLAND | |
|
| |
|
IN GENERAL ASSEMBLY | |
|
| |
|
JANUARY SESSION, A.D. 2012 | |
|
| |
|
____________ | |
|
| |
|
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: | |
|
1-1 |
SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is |
|
1-2 |
hereby amended by adding thereto the following section: |
|
1-3 |
44-30-2.11. Refund deduction for contributions to Waterfire. – (a) There shall be |
|
1-4 |
provided as a deduction from any refund from the Rhode Island personal income tax otherwise |
|
1-5 |
due to a taxpayer for a taxable year a contribution to an entity established or to be established by |
|
1-6 |
the city of Providence for the sole purpose of providing financial support for Waterfire events. |
|
1-7 |
The provision for the contribution shall appear on the state personal income tax return as follows: |
|
1-8 |
Waterfire events fund. |
|
1-9 |
Check is you wish to contribute [ ] $1, [ ] $5, [ ] $10, or [ ] $ (Write in amount of |
|
1-10 |
your tax REFUND for this program.). |
|
1-11 |
(b) The tax administrator shall annually forward by August 1, all contributions made to |
|
1-12 |
the Waterfire events fund to the city treasurer of the city of Providence for deposit into a |
|
1-13 |
restricted accounted devoted solely to the support of Waterfire events. |
|
1-14 |
(c) The provisions of this section shall commence for returns filed for the tax year ending |
|
1-15 |
December 31, 2012. |
|
1-16 |
SECTION 2. This act shall take effect upon passage. |
|
| |
|
======= | |
|
LC00236 | |
|
======= | |
|
EXPLANATION | |
|
BY THE LEGISLATIVE COUNCIL | |
|
OF | |
|
A N A C T | |
|
RELATING TO TAXATION -- REFUND DEDUCTION FOR WATERFIRE | |
|
*** | |
|
2-1 |
This act would add Waterfire to the contribution check offs available on the Rhode Island |
|
2-2 |
personal income tax return. |
|
2-3 |
This act would take effect upon passage. |
|
| |
|
======= | |
|
LC00236 | |
|
======= |