2013 -- H 5135

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LC00228

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO TAXATION - PERSONAL INCOME TAX

     Introduced By: Representatives Baldelli-Hunt, Azzinaro, Guthrie, Tomasso, and Newberry

     Date Introduced: January 23, 2013

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-30-27 of the General Laws in Chapter 44-30 entitled "Personal

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Income Tax" is hereby amended to read as follows:

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     44-30-27. Farm to school income tax credit. -- Upon presentation of written

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certification by a local education agency, an individual or entity domiciled in the state for the

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entire tax year, shall be entitled to an income tax credit for the purchase of produce grown in the

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state or any milk or milk products which shall be furnished or used in connection with that

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individual's or entity's agreement to provide food, services or other products to a local education

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agency. The income tax credit shall be equal to five percent (5%) of the cost of farm or milk

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products grown or produced in the state. Any amount of income tax credit not deductible in the

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taxable year of certification may not be carried over to the following year. The credit may not be

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applied until all other credits available to the taxpayer for that taxable year are applied.

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     SECTION 2. This act shall take effect on July 1, 2013.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION - PERSONAL INCOME TAX

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     This act would expand the farm to school income tax credit to include milk or milk

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products.

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     This act would take effect on July 1, 2013.

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LC00228

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