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RI S2364

Bill

Official Source

Status

Introduced

1/30/2026

Primary Sponsor

Walter Felag

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Increases Rhode Island's earned-income tax credit from the current 16% to 30% of the federal earned-income credit for tax years beginning on or after January 1, 2027

  • Credit amount cannot exceed the taxpayer's Rhode Island income tax liability

  • Maintains the existing 100% refundable provision for any credit amount exceeding state income tax owed (in effect since 2015)

  • Takes effect immediately upon passage

Legislative Description

Raises the earned-income tax credit to thirty percent (30%) for the tax years 2027 and beyond.

Taxation

Last Action

Introduced, referred to Senate Finance

1/30/2026

Committee Referrals

Finance1/30/2026

Full Bill Text

No bill text available