2025 Regular Session • Rhode Island Legislature
S0107: Mandates that any surplus state tax revenue received in any fiscal year would be refunded to the taxpayers of this state on a proportional basis in relation to the personal income tax liability incurred by the taxpayers in that fiscal year.
Legislative Summary
TAXATION -- SURPLUS FUNDS TAX CREDIT ACT - Mandates that any surplus state tax revenue received in any fiscal year would be refunded to the taxpayers of this state on a proportional basis in relation to the personal income tax liability incurred by the taxpayers in that fiscal year.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/31/2025
Introduced, referred to Senate Finance
Senate
5/23/2025
Scheduled for hearing and/or consideration (05/29/2025)
Senate
5/29/2025
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(1/31/2025)
Chamber
Senate
Committee
Finance(Senate)
Sponsors
Republican: 4
Democrat: 1
Primary Sponsor
Gordon Rogers
Republican