Phases in modifications to federal adjusted gross income over a 4 year period for social security income, from 25% up to 100%, beginning on or after January 1, 2025.
Maddy summaryThis bill officially creates a new government department called the Salvatore Mancini Center on Aging within the Town of North Providence. It establishes a director to lead the center and oversee its staff and volunteers. Additionally, the law ensures that full-time employees of this new center are included in the town's health insurance plan. The legislation amends the local town charter to formalize these organizational changes.
Allows victims of violent crime receiving awards under the state's crime victim compensation program to use up to $1,000 of their total award to make reasonable modification to their residence to ensure their future safety.
Funds the state crime victim compensation program through an additional one dollar ($1.00) fine on traffic violations, exclusive of violations related to the parking of vehicles.
Maddy summarySB 2057, known as the Education Equity and Property Tax Relief Act, amends state law to provide ongoing financial support for specific school programs and districts. The bill establishes a permanent two percent bonus for regionalized school districts and creates a stabilization fund to assist the Central Falls, Davies, and Met Center areas with high education costs. Additionally, it directs state funding toward special education expenses, career and technical education initiatives, pre-kindergarten access, and transportation for students attending non-public or regional schools. The legislation also allocates extra resources for English learners based on a specific per-pupil factor. These changes aim to ensure equitable funding distribution and address unique financial challenges faced by various school districts and student populations.
Maddy summarySB 2061 amends Rhode Island's personal income tax law to allow residents to exclude all Social Security income from their state taxable starting in 2025. The bill also updates how the state calculates income by adjusting federal figures, including specific rules for tuition savings program withdrawals and the treatment of forgiven Paycheck Protection Program loans over $250,000. These changes directly affect Rhode Island residents who receive Social Security benefits or have participated in state tuition savings accounts and loan forgiveness programs.
Maddy summaryThis bill proposes to set a statewide cap of 12% per year on the interest or penalties that cities and towns can charge on unpaid local taxes. Currently, local municipalities have the authority to set these rates up to 18%, but this legislation would lower that maximum limit for most towns while keeping the existing 12% cap for the city of Cranston. The change aims to standardize the maximum cost of late payments across the state by amending the General Laws regarding local tax assessments.
Requires any benefit enhancements afforded under the employees' retirement system of Rhode Island or the municipal employees' retirement system to be amortized over individual five (5) year closed periods.
Allows a modification to federal adjusted gross income of twenty thousand dollars ($20,000) of social security income for tax years beginning on or after January 1, 2024.
Maddy summarySB 2051 amends the state sales and use tax code to exempt reusable bags from taxation. This change directly affects consumers who purchase these bags and retailers who sell them. The bill achieves this by adding a new provision to the list of items exempt from sales tax. It does not alter any other existing tax exemptions or create new tax liabilities.
