Senate passed Sub A
Summary
The bill changes how Rhode Island calculates a resident’s taxable income by adding certain types of interest, unemployment benefits, loan forgiveness and other items to federal adjusted gross income, while allowing deductions for things like organ donation, social security benefits, pension income, and contributions to tuition savings accounts. It would affect all Rhode Island taxpayers by altering what income is counted or excluded for state tax purposes. The measure failed to pass the Senate.
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