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RI S2673
Bill
Status
2/27/2026
Primary Sponsor
Jacob Bissaillon
Click for details
AI Summary
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Student loan interest payments would be fully deductible from Rhode Island state income tax, subtracted from federal adjusted gross income when calculating state taxable income
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Effective for tax years beginning on or after January 1, 2027
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No cap specified on the amount of student loan interest that can be deducted (unlike the federal $2,500 limit)
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Introduced February 27, 2026 by Senators Bissaillon, Burke, DiPalma, Gu, and Acosta; referred to Senate Finance Committee
Legislative Description
Provides modifications for payments of interest on student loans shall be subtracted from federal adjusted gross income to an amount equal to the payments of interest for the satisfaction of outstanding student loans.
Taxation
Last Action
Introduced, referred to Senate Finance
2/27/2026