2021 -- H 5677

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LC000445

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2021

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A N   A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX

     

     Introduced By: Representatives Casey, Azzinaro, Vella-Wilkinson, Tobon, and Knight

     Date Introduced: February 24, 2021

     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 hereby

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amended by adding thereto the following section:

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     44-30-2.12. Income tax deduction for military retirement benefits.

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     There shall be provided as a deduction from the Rhode Island personal income tax an

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adjusted gross income deduction for income from retirement or survivor's benefits received during

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the taxable year by the individual, or the individual's surviving spouse, for the individual's service

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in an active or reserve component of the armed forces of the United States, including the army,

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navy, air force, coast guard, marine corps, merchant marine, Rhode Island army national guard or

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Rhode Island air national guard.

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     SECTION 2. This act shall take effect upon passage.

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LC000445

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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 create a tax deduction for military retirement benefits of a veteran or the

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veteran's surviving spouse.

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     This act would take effect upon passage.

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