2024 Regular Session • Rhode Island Legislature
S2054: Increases the state earned-income credit as of January 1, 2025 to seventeen percent (17%) of the federal earned-income credit, not to exceed the amount of state income tax.
Legislative Summary
TAXATION -- PERSONAL INCOME TAX - Increases the state earned-income credit as of January 1, 2025 to seventeen percent (17%) of the federal earned-income credit, not to exceed the amount of state income tax.
Demographic Impact
Overall analysis of equity impact
90% Positive
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Bill History
1/12/2024
Introduced, referred to Senate Finance
Senate
5/17/2024
Scheduled for hearing and/or consideration (05/23/2024)
Senate
5/23/2024
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(1/12/2024)
Chamber
Senate
Committee
Finance(Senate)
Sine DiePrior Session
