2020 -- H 7626

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LC002977

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2020

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A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX

     Introduced By: Representatives Casey, Azzinaro, and Vella-Wilkinson

     Date Introduced: February 14, 2020

     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:

     44-30-2.12. Income tax deduction for military retirement benefits.

     There shall be provided as a deduction from the Rhode Island personal income tax an

adjusted gross income deduction for income from retirement or survivor's benefits received

during the taxable year by the individual, or the individual's surviving spouse, for the individual's

service in an active or reserve component of the armed forces of the United States, including the

army, navy, air force, coast guard, marine corps, merchant marine, Rhode Island army national

guard or Rhode Island air national guard.

     SECTION 2. This act shall take effect upon passage.

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LC002977

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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 create a tax deduction for military retirement benefits of a veteran or the

veteran's surviving spouse.

     This act would take effect upon passage.

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LC002977

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