summary
Introduced
01/18/2023
01/18/2023
In Committee
01/18/2023
01/18/2023
Crossed Over
Passed
Dead
06/16/2023
06/16/2023
Introduced Session
2023 Regular Session
Bill Summary
This act would create a new income tax bracket for purposes of Rhode Island income taxation. The new bracket would be eleven and nine tenths percent (11.90%) on taxable income over five hundred thousand dollars ($500,000). This act would take effect on January 1, 2024.
AI Summary
This bill would create a new income tax bracket in Rhode Island for taxable income over $500,000, with a rate of 11.90%. The new bracket would apply to various filing statuses, including married filing jointly, head of household, unmarried individuals, and estates and trusts. The bill would take effect on January 1, 2024.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Committee recommended measure be held for further study (on 02/28/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText23/SenateText23/S0019.pdf |
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