2016 -- H 7293

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LC003351

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2016

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H O U S E   R E S O L U T I O N

CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY THE CATEGORIES,

METHODS, AND MONETARY IMPLICATIONS OF TAXING VARIOUS PERSONAL

RETIREMENT INCOME AND PENSION INCOME PAID TO RHODE ISLANDERS BY

OUT-OF-STATE EMPLOYERS

     

     Introduced By: Representatives Canario, Edwards, Newberry, Morin, and Tanzi

     Date Introduced: January 22, 2016

     Referred To: House Finance

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     RESOLVED, That a special legislative commission be and the same is hereby created

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consisting of seven (7) members: two (2) of whom shall be members of the Rhode Island House

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of Representatives, not more than one from the same political party, to be appointed by the

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Speaker of the House; one of whom shall be the Chair of the House Finance Committee, or

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designee; one of whom shall be the Director of the Rhode Island Department of Revenue, or

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designee; one of whom shall be the Auditor General, or designee; one of whom shall be the

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Director of the Department of Administration, or designee; and one of whom shall be the Rhode

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Island General Treasurer, or designee.

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     In lieu of any appointment of a member of the legislature to a permanent advisory

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commission, a legislative study commission, or any commission created by a General Assembly

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resolution, the appointing authority may appoint a member of the general public to serve in lieu

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of a legislator, provided that the Majority Leader or the Minority Leader of the political party

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which is entitled to the appointment consents to the appointment of the member of the general

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public.

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     The purpose of said commission shall be to make a comprehensive study and analysis of

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the laws of Rhode Island and nearby states, and procedures for taxing various personal retirement

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income and pension income paid by out-of-state employers, including, but not limited to the fiscal

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impact of various exemptions and tax policy on social security income, federal, state, military,

 

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and civil service pensions, in order to determine whether to amend, alter, or repeal any applicable

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law, policies, or regulations to better serve the best interest of the citizens of the State of Rhode

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Island.

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     Forthwith upon passage of this resolution, the members of the commission shall meet at

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the call of the Speaker of the House and organize and shall select from among the legislators a

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chairperson. Vacancies in said commission shall be filled in like manner as the original

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appointment.

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     The membership of said commission shall receive no compensation for their services.

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     All departments and agencies of the state shall furnish such advice and information,

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documentary and otherwise, to said commission and its agents as is deemed necessary or

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desirable by the commission to facilitate the purposes of this resolution.

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     The Speaker of the House is hereby authorized and directed to provide suitable quarters

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for said commission; and be it further

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     RESOLVED, That the commission shall report its findings and recommendations to the

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House of Representatives on or before June 1, 2016, and said commission shall expire on

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September 1, 2016.

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LC003351

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

H O U S E   R E S O L U T I O N

CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY THE CATEGORIES,

METHODS, AND MONETARY IMPLICATIONS OF TAXING VARIOUS PERSONAL

RETIREMENT INCOME AND PENSION INCOME PAID TO RHODE ISLANDERS BY

OUT-OF-STATE EMPLOYERS

***

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     This resolution would create a seven (7) member special legislative study commission

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whose purpose it would be to study the laws of Rhode Island and nearby states, and procedures

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for taxing various personal retirement income and pension income paid by our-of-state

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employers, and who would report back to the House of Representatives no later than June 1,

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2016, and whose life would expire on September 1, 2016.

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LC003351

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LC003351 - Page 3 of 3