2016 -- S 2349

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LC004621

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2016

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A N   A C T

RELATING TO TAXATION - PERSONAL INCOME TAX

     Introduced By: Senators Metts, Pichardo, Doyle, Crowley, and Nesselbush

     Date Introduced: February 10, 2016

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is

hereby amended by adding thereto the following section:

     44-30-101. Refundable earned income credit. -- Notwithstanding the provisions of §44-

30-2.6(c)(2)(N), thirty-five percent (35%) of the excess Rhode Island earned income credit will

be refunded to an eligible taxpayer for the 2017 taxable year, and each taxable year thereafter.

     SECTION 2. This act shall take effect upon passage.

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LC004621

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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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     This act would increase the refundable state earned income credit from ten percent (10%)

to thirty-five percent (35%) for the 2017 taxable year, and each taxable year thereafter.

     This act would take effect upon passage.

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LC004621

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