This act serves as the enabling act required by § 16-7-44 of the general laws in order for the principal and interest on bonds issued in support of school housing projects to be eligible for state housing aid reimbursement.
Sponsored bills
Appropriates $1,875,000 for the creation of a 9-8-8 suicide prevention and mental health crisis hotline within the department of behavioral healthcare, developmental disabilities and hospitals (BHDDH).
Authorizes the Department of Elementary and Secondary Education to establish a program to expand the issuance of teaching certificates to bilingual dual language and world language teachers in urban and urban ring schools.
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.
Maddy summaryThis bill proposes a new tax on private colleges and universities that have endowments exceeding one billion dollars. The tax would charge two percent on the amount of the endowment that is above that one billion dollar threshold. Any money collected from this tax would be given to the city or town where the school is mainly located. Those local funds must be used specifically to hire and keep behavioral health staff, such as social workers and psychologists, for the public schools in that same area.
Creates the Rhode Island drug cost review commission.
Repeals the provision that requires new applicants for employment under this section to pay the expense for their background checks.
Establishes the Rhode Island Child Care for All Act which would provide high quality and affordable child care to families throughout the state.
Repeals the language that eff. 2025 fiscal year all cities/towns/fire districts would receive a reimbursement equal to the tangible property levy for the 12/31/22 assessment date less the tangible personal property levy for 12/31/25 assessment date.