2018 -- H 8007

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LC005290

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX--DEDUCTION FOR

MAINTAINING RESIDENCE

     

     Introduced By: Representatives Filippi, Morgan, Quattrocchi, Giarrusso, and Roberts

     Date Introduced: March 28, 2018

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is

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hereby amended by adding thereto the following section:

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     44-30-2.11. Deduction for maintenance of personal residence.

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     A taxpayer over the age of sixty-five (65) shall be entitled to deduct from their adjusted

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gross income the actual cost of maintaining their personal residence; provided, that the deduction

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in any given calendar year shall not exceed seven thousand five hundred dollars ($7,500).

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     SECTION 2. This act shall take effect upon passage.

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LC005290

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX--DEDUCTION FOR

MAINTAINING RESIDENCE

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     This act would permit persons over the age of sixty-five (65) to deduct from their

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adjusted gross income the cost of maintaining a personal residence, up to seven thousand five

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hundred dollars ($7,500).

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     This act would take effect upon passage.

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LC005290

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