AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Summary

The bill revises the definition of a Rhode Island resident’s taxable income by adding certain interest, dividend, unemployment, vehicle‑sales‑tax, PPP loan forgiveness and other items, while allowing deductions for federal interest, tuition‑savings withdrawals and contributions. It applies to all Rhode Island taxpayers and aims to protect the state tax base amid federal stimulus and tax‑code changes.

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