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RI S2536

Bill

Status

Introduced

2/13/2026

Primary Sponsor

Walter Felag

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • All eligible Social Security recipients may subtract $25,000 of Social Security income from federal adjusted gross income for Rhode Island state tax purposes, effective for tax years beginning January 1, 2027

  • Current law limits the Social Security income subtraction to those who have reached full retirement age and meet income thresholds ($80,000 for single filers, $100,000 for joint filers)

  • The new $25,000 subtraction appears to apply to all eligible Social Security recipients without the income limitations of the existing exemption

  • The act would take effect upon passage

Legislative Description

Allows a modification to federal adjusted gross income of $25,000 of social security income for tax years beginning on or after January 1, 2027.

Taxation

Last Action

Introduced, referred to Senate Finance

2/13/2026

Committee Referrals

Finance2/13/2026

Full Bill Text

No bill text available