Rep. Joseph Solomon

Maddy summaryHB 5758 proposes to reduce the personal income tax burden for Rhode Island residents receiving social security benefits. The bill amends the state's personal income tax law to allow individuals to subtract their social security benefits from their federal adjusted gross income when calculating their state taxable income. This modification would effectively exempt social security benefits from being subject to state personal income tax. The changes outlined in the bill are slated to become effective on January 1, 2025.

Establishes the Housing Flexible Spending Account Act of 2025 allowing Rhode Island employers to contribute pre-tax income into a housing flexible spending account (H-FSA), for employees to be used for qualified housing expenses.

Maddy summaryHouse Resolution 6332 commemorates May 11-17, 2025, as "Quahog Week 2025" in the State of Rhode Island. It encourages Rhode Islanders to support the local quahog and seafood industry by participating in the week's events and enjoying fresh Rhode Island quahogs.

Allows a clinical laboratory, that is incorporated in the State of Rhode Island, to analyze blood samples, from children under the age of six (6) years, for blood lead levels.

Maddy summaryHR 6310 is a House Resolution that honors and thanks Donna Policastro for her fifty-six years of dedicated service as a registered nurse and administrator in Rhode Island. The resolution acknowledges her contributions to nursing, including her work on legislative improvements and her leadership roles.

Maddy summaryHouse Resolution 6312 commemorates May 8, 2025, as "Rhode Island Home Visiting Day" in the State of Rhode Island. It encourages individuals and organizations to use home visiting resources to support children and families.

Maddy summaryThis bill, HB 5760, proposes to increase the state's earned-income tax credit (EITC). Specifically, it would raise the credit from 20% to 30% of the federal EITC amount. This change would directly affect low-to-moderate income working individuals and families who are eligible for the federal credit, starting with tax year 2026.

Authorizes a retroactive tax credit for tax yr 2026/thereafter/allowing investment tax credits to be passed through to the personal income tax returns of eligible Sub-S corporation shareholders/limited liability company members who meet certain conditions

Maddy summaryHB 5753 proposes a change to the state's business corporation tax laws. It directly affects small business corporations that have elected "subchapter S" status. The bill would exempt these subchapter S corporations from paying the minimum annual corporate tax during their first year of existence. Currently, the minimum tax for these corporations is $400. This measure aims to provide a tax exemption for newly formed subchapter S corporations in their initial year of operation.

Maddy summaryHouse Bill 5403 proposes to repeal the state's corporation minimum tax. This change would directly affect all corporations, including certain small businesses, that are currently required to pay this minimum amount. The bill specifically removes the provision in state law that mandates a minimum tax payment, which is currently set at $400 for tax years beginning on or after January 1, 2017. If enacted, corporations would no longer be subject to this baseline tax.