AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Summary

The bill revises the definition of Rhode Island taxable income by specifying new additions and subtractions to a resident’s federal adjusted gross income. It affects individuals who file state income taxes, changing how interest, tuition‑savings withdrawals, unemployment benefits, PPP loan forgiveness and other items are treated. The changes aim to preserve the state tax base and align state tax treatment with certain federal provisions.

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