S2206

	2014 -- S 2206
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	LC003606
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2014
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	A N A C T
	RELATING TO TAXATION - PERSONAL INCOME TAX

	Introduced By: Senators Metts, Crowley, Jabour, Miller, and Nesselbush
	Date Introduced: January 30, 2014
	Referred To: Senate Finance
	It is enacted by the General Assembly as follows:
1	SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is
2	hereby amended by adding thereto the following section:
3	44-30-100. Refundable earned income credit. -- Notwithstanding the provisions of §
4	44-30-2.6(N), one hundred percent (100%) of the excess Rhode Island earned income credit will
5	be refunded to an eligible taxpayer for the 2013 taxable year, and each taxable year thereafter.
6	SECTION 2. This act shall take effect upon passage.
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	LC003606
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - PERSONAL INCOME TAX
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1	This act would increase the refundable state earned income credit from fifteen percent
2	(15%) to one hundred percent (100%) for the 2013 taxable year, and each taxable year thereafter.
3	This act would take effect upon passage.
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	LC003606
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