2019 -- H 5417 | |
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LC001142 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2019 | |
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A N A C T | |
RELATING TO TAXATION - PERSONAL INCOME TAX CREDIT | |
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Introduced By: Representatives Serodio, Amore, Hawkins, Jackson, and Corvese | |
Date Introduced: February 14, 2019 | |
Referred To: House 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 | 44-30-101. Tax credit for the elderly, water and sewer bills. |
4 | Any Rhode Island resident taxpayer over sixty-five (65) years of age, paying a water |
5 | and/or sewer bill for their primary residence shall be afforded a tax credit of twenty-five percent |
6 | (25%) of the bill, not to exceed two hundred and fifty dollars ($250), to be applied toward their |
7 | personal income tax obligation. |
8 | SECTION 2. This act shall take effect upon passage. |
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LC001142 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION - PERSONAL INCOME TAX CREDIT | |
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1 | This act would provide an income tax credit of twenty-five percent (25%) of an elderly |
2 | resident taxpayer's primary residence water and sewer bills, not to exceed $250. |
3 | This act would take effect upon passage. |
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