2019 -- H 5591 | |
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LC001667 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2019 | |
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A N A C T | |
RELATING TO TAXATION -- PERSONAL INCOME TAX -- DEDUCTION FOR | |
MAINTAINING RESIDENCE | |
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Introduced By: Representatives Filippi, Roberts, Quattrocchi, and Nardone | |
Date Introduced: February 27, 2019 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 44-30 of the General Laws entitled "Personal Income Tax" is |
2 | hereby amended by adding thereto the following section: |
3 | 44-30-2.12. Deduction for maintenance of personal residence. |
4 | A taxpayer over the age of sixty-five (65) shall be entitled to deduct from their adjusted |
5 | gross income the actual cost of maintaining their personal residence; provided, that the deduction |
6 | in any given calendar year shall not exceed seven thousand five hundred dollars ($7,500). |
7 | SECTION 2. This act shall take effect upon passage. |
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LC001667 | |
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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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1 | This act would permit persons over the age of sixty-five (65) to deduct from their |
2 | adjusted gross income the cost of maintaining a personal residence, up to seven thousand five |
3 | hundred dollars ($7,500). |
4 | This act would take effect upon passage. |
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LC001667 | |
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