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SB 447

AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX -- CHILD TAX CREDIT

2025 Regular Session Introduced by Jonathon Acosta and 7 co-sponsors

Rhode Island bill proposes unspecified modifications to the state child tax credit; Finance Committee deferred action pending further study of fiscal and policy implications.

05/13/2025 Committee recommended measure be held for further study
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Bill Summary · SB 447

Legislative bill overview

SB 447 proposes modifications to Rhode Island's personal income tax structure specifically regarding the child tax credit. The bill has been introduced and referred to the Senate Finance Committee, where it recently received a recommendation to hold the measure for further study rather than advance it immediately.

Why is this important

Child tax credits directly affect household finances for families with dependent children, influencing disposable income and economic activity. Changes to state-level tax credits can significantly impact Rhode Island's tax competitiveness and family financial planning, particularly for middle and lower-income households.

Potential points of contention

  • Details unclear: The bill summary provided does not specify whether it expands, reduces, modifies eligibility, or adjusts the credit amount—each scenario has opposite implications for families and state revenue
  • Fiscal impact uncertainty: Without knowing the specific changes, the cost to the state budget or savings to taxpayers remains undefined, making it difficult to assess affordability
  • Income threshold debates: Any modifications to who qualifies likely faces disagreement between those prioritizing assistance to lower-income families versus broader middle-class relief

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

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