2018 -- H 7346

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LC003886

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO TAXATION-CHARITABLE DEDUCTIONS-PERSONAL INCOME TAX

     Introduced By: Representative Alex D. Marszalkowski

     Date Introduced: January 31, 2018

     Referred To: House 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:

     44-30-18.1. Credit for charitable donations.

     (a) General. A resident shall be allowed a credit, against the Rhode Island personal

income tax otherwise due for the taxable year, for the aggregate of net allowable charitable

contributions made by them for the taxable year and to be specific allows charitable not-for-profit

organizations listed on the tax return. The donation may be made on the return and the credit may

be added to the tax year for which the return is being filed.

     (b) Limitation of credit. Any nonprofit seeking to be allowed and listed as a charitable

deduction on a personal income tax return shall register with the division of taxation and shall pay

a fee of fifty dollars ($50.00).

     SECTION 2. This act shall take effect January 1, 2019.

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LC003886

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION-CHARITABLE DEDUCTIONS-PERSONAL INCOME TAX

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     This act would create a charitable credit against state income tax for qualified nonprofits

that may be made at the time of the tax return. The credit would be applied to the tax year for

which the return is being filed.

     This act would take effect January 1, 2019.

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LC003886

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