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RI S2539
Bill
Status
2/13/2026
Primary Sponsor
Mark McKenney
Click for details
AI Summary
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Phases in a Rhode Island state income tax exemption for Social Security benefits over four years, allowing taxpayers to subtract 25% of Social Security income from federal adjusted gross income starting January 1, 2027
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Increases the exemption to 50% for tax years beginning January 1, 2028, then to 75% for tax years beginning January 1, 2029
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Achieves full 100% exemption of Social Security income from Rhode Island state income tax for tax years beginning on or after January 1, 2030
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Expands beyond the current Social Security exemption, which is limited to those who have reached full retirement age and meet income thresholds ($80,000 for single filers, $100,000 for joint filers)
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Takes effect upon passage
Legislative Description
Gradually phases in modifications to federal adjusted gross income over a four (4) year period for social security income, from twenty-five percent (25%) up to one hundred percent (100%), beginning on or after January 1, 2027.
Taxation
Last Action
Introduced, referred to Senate Finance
2/13/2026