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RI S2099
Bill
Status
1/16/2026
Primary Sponsor
Gordon Rogers
Click for details
AI Summary
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Requires surplus state tax revenue exceeding budget projections to be refunded to taxpayers as a tax credit, distributed proportionally based on each taxpayer's personal income tax liability from the preceding year
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State budget officer must report excess revenue to the Department of Revenue director by September 1 and determine the surplus amount by September 20 of each fiscal year
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Allows 28 or more state taxpayers (with no more than 7 from any single county) to petition the Supreme Court or Superior Court to enforce the refund provisions
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Successful petitioners may recover reasonable attorneys' fees and costs from the state
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Takes effect July 1, 2026
Legislative Description
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.
Taxation
Last Action
Introduced, referred to Senate Finance
1/16/2026