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SB 40

AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

2025 Regular Session Introduced by Bob Britto and 5 co-sponsors

Rhode Island's SB 40 addresses personal income taxation but remains in committee review without publicly available specific provisions or fiscal details disclosed.

04/21/2025 Meeting postponed (04/22/2025)
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Bill Summary · SB 40

Legislative bill overview

SB 40 is a Rhode Island personal income tax bill currently in the early legislative stage. The bill was introduced in January 2025 and referred to the Senate Finance Committee, where it remains under consideration with recent hearing activity scheduled for April 2025.

Why is this important

Personal income tax legislation directly affects the tax burden on Rhode Island residents and the state's revenue collection. Changes to income tax policy influence household finances, business competitiveness, and funding for state services including education, infrastructure, and social programs.

Potential points of contention

  • Tax rate or bracket changes – Without bill details available, modifications to tax rates could benefit some income groups while burdening others, creating equity concerns
  • Revenue impact on state budget – Tax changes may reduce or increase state revenues, affecting the ability to fund existing programs
  • Economic competitiveness – Higher taxes could affect Rhode Island's ability to attract and retain residents and businesses compared to neighboring states

Compiled from official sources — confirm details with the bill’s official record.

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