2015 -- S 0021

========

LC000202

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

____________

A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX -- EXEMPTION

     

     Introduced By: Senators Picard, and Pearson

     Date Introduced: January 13, 2015

     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

     44-30-1.3. Wage exemption based upon taxpayers' age. – The wages of the following

4

taxpayers shall be exempt from personal income taxes:

5

     (1) Individuals for each tax year before they reach twenty-two (22) years of age; or

6

     (2) Individuals for each tax year after they reach sixty-two (62) years of age.

7

     SECTION 2. This act shall take effect upon passage.

========

LC000202

========

 

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX -- EXEMPTION

***

1

     This act would exempt wages from state personal income taxes for individuals for each

2

year before they reach twenty-two (22) years of age and for each year after they reached sixty-

3

two (62) years of age.

4

     This act would take effect upon passage.

========

LC000202

========

 

LC000202 - Page 2 of 2