Establishes a child tax credit in the amount of three hundred thirty dollars ($330) for eligible taxpayers adjusted for inflation annually commencing January 1, 2027.
SB 2452 allocates $100,000 in the 2026-2027 budget to support mental health and emotional well-being for children in out-of-school time (OST) programs serving K-12 students across Rhode Island. The bill provides funds for staff training in trauma-informed practices, peer support groups, culturally responsive materials, and wellness-focused activities within community-based after-school and summer programs. Eligible programs must use funds flexibly to address local needs while prioritizing high-need communities and geographic diversity. The Rhode Island Afterschool Network will administer the grants through a competitive process and submit annual reports on program reach and outcomes.
This bill proposes allocating $150,000 in funding to the Main Street Rhode Island Program, which supports local businesses and community revitalization efforts across the state. The appropriation would provide financial resources to the program's existing initiatives aimed at strengthening main street areas and small businesses. The legislation is currently in its early stages, having been introduced and referred to the Senate Finance Committee for review. No specific details about how the funds will be distributed or managed are included in the current text.
This bill amends Rhode Island's personal income tax code to remove the age limit for modifying Social Security income, allowing residents of all ages to exclude these funds from their taxable income. The legislation also updates tax calculations to include new federal provisions, such as taxing forgiven Paycheck Protection Program loans over $250,000 and adjusting how tuition savings program withdrawals are handled. By aligning state tax rules with recent federal changes, the bill ensures that residents pay state taxes on income that is no longer exempt under federal law.
Creates an exemption from property taxes in the amount of $5,000 for any veteran of the military or naval service of the United States who is to be totally disabled through a service-connected disability in the town of Exeter.
Establishes sales and use tax exemptions for commercial forest product operations and creates a new motor vehicle registration for "forestry vehicles".
Requires that the tax imposed upon the conveyance of any real property that is located in more than one municipality to be allocated between or among the municipalities in proportions to the assessed value of the property located in each municipality.
SB 2444 exempts scalp hair prosthetics or wigs necessary due to medical hair loss from state sales tax. This directly affects individuals with medical conditions requiring such prosthetics, making them more affordable. The bill amends the sales tax code to explicitly include "prosthetic devices" under tax-exempt medical items, aligning with existing exemptions for similar durable medical equipment. The change creates a clear policy update to reduce financial burden for this specific medical need.
Authorizes the tax administrator to waive interest and penalties on delinquent taxes paid in full during a one week amnesty period. Also reinstates a suspended driver’s license upon payment in full.
Caps delinquent tax interest rate at 12%. Prohibits audits beyond 3 years from date of tax filing, 7 years for fraudulent filings, and in no event beyond 10 years from date of filing or required filing date, whichever is later.