2015 -- S 0021 | |
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LC000202 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2015 | |
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A N A C T | |
RELATING TO TAXATION -- PERSONAL INCOME TAX -- EXEMPTION | |
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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. |
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LC000202 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION -- PERSONAL INCOME TAX -- EXEMPTION | |
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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. |
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