Maddy summaryHB 7120 amends Rhode Island's personal income tax law to allow residents to deduct interest payments on outstanding student loans from their federal adjusted gross income. This change directly affects individuals who pay interest on student loans and file state tax returns, potentially lowering their taxable income. The bill modifies the state tax code by adding specific provisions to the section governing resident individual income calculations. It is currently under review by the House Finance Committee and has not yet been enacted.
Rep. Mary Ann Shallcross-Smith
Sponsored bills
Provides $4 million to support after school and school vacation, summer learning workforce development programs for K-12 students with annual reports on status and programs.
Relocates certain provisions of the general laws relating to child care assistance from the Rhode Island Works Program to the chapter on child care state subsidies.
Removes the requirement that families consent to, and cooperate with the department of human services in establishing paternity and enforcing child and medical support orders as a condition of eligibility for childcare assistance.
Establishes a tax credit against income tax based on eligible expenses incurred for care and support of an eligible family member.
Creates the Rhode Island Child Care Assistance Program that governs both family eligibility for the state's child care subsidy program and the rates paid to child care providers serving families receiving a subsidy.
Repeals the provision that requires new applicants for employment under this section to pay the expense for their background checks.
Eliminates the sunset on the provision of finding for child care for eligible child care educators and child care staff.
Exempts any individual who is aging out of foster care from the payment of any fee associated with the issuance of a operator's license as well as driver's education class fees. The fee waiver is in effect until the individual reaches 27 years of age.