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2012 -- H 7545 | |
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LC01573 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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A N A C T | |
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RELATING TO TAXATION -- PERSONAL INCOME TAX | |
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Introduced By: Representatives Ucci, Martin, Ruggiero, Morrison, and Jackson | |
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Date Introduced: February 15, 2012 | |
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Referred To: House Finance | |
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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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44-30-100. Personal income tax commuter deduction. – Upon presentation of |
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sufficient evidence of amounts expended, 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 amounts expended by the individual |
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for tolls paid through a fast lane account or for weekly or monthly passes issued pursuant to the |
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Rhode Island turnpike and bridge authority’s (RITBA) jurisdiction. Provided, however, amounts |
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reimbursed for EZ pass expenses by an employer or otherwise, shall not be considered a credit |
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pursuant to this section. In the case of a single person or a married person filing a separate return |
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or a head of household, this deduction shall apply only to the portion of the expended amount that |
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exceeds one hundred fifty dollars ($150), and the total amount deducted shall not exceed seven |
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hundred fifty dollars ($750). In the case of a married couple filing a joint return, this deduction |
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shall apply only to the portion of the amount expended by each individual that exceeds one |
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hundred fifty dollars ($150), and the total amount deducted shall not exceed seven hundred fifty |
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dollars ($750) for each individual. The administrator of the division of taxation shall adopt |
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regulations necessary for the implementation of this section. |
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SECTION 2. This act shall take effect upon passage. |
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LC01573 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO TAXATION -- PERSONAL INCOME TAX | |
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This act would provide a tax credit for tolls paid through an EZ pass account issued by |
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the Rhode Island turnpike and bridge authority (RITBA). |
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This act would take effect upon passage. |
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LC01573 | |
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