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RI S2365
Bill
Status
1/30/2026
Primary Sponsor
Walter Felag
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AI Summary
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Increases the income threshold for Social Security tax exemption beginning January 1, 2026: singles/head of household from $80,000 to $140,000, and married filing jointly from $100,000 to $180,000
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Allows residents at full Social Security retirement age to subtract Social Security benefits from Rhode Island taxable income if they meet the new income thresholds
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Requires Rhode Island to add back to state taxable income any federal tax benefits from the "One Big Beautiful Bill Act" or similar Congressional enactments for tax years beginning on or before January 1, 2025
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Authorizes emergency rulemaking if federal tax law changes occur during the current tax year or within six months of the next tax year to preserve Rhode Island's tax base
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Takes effect upon passage
Legislative Description
Increases the federal adjusted gross income threshold for modification for taxable social security income. Amends references to federal adjusted gross income as pertains to modification of taxable retirement income from certain pension plans or annuities.
Taxation
Last Action
Introduced, referred to Senate Finance
1/30/2026