2009 -- H 5404

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LC01056

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2009

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A N A C T

RELATING TO TAXATION -- PERSONAL INCOME TAX

     Introduced By: Representatives Slater, Diaz, Almeida, Williams, and Lima

     Date Introduced: February 11, 2009

     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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     44-30-98.1. Refundable earned income credit. – A taxpayer shall be allowed a credit as

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provided in subsection 44-30-2.6(d); provided, however, one hundred percent (100%) of the

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excess Rhode Island earned income credit will be refunded for the 2010 taxable year and each

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taxable year thereafter.

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     SECTION 2. This act shall take effect upon passage.

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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 reinstitute the refundable earned income tax credit.

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     This act would take effect upon passage.

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LC01056

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