Establishes the behavioral health education, training, and coordination fund to receive the checkoff contributions from Rhode Island personal income tax returns for tax years ending on or after December 31, 2024.
Establishes the behavioral health education, training, and coordination fund to receive the checkoff contributions from Rhode Island personal income tax returns for tax years ending on or after December 31, 2024.
Refunds to corporations with annual gross income of less than $400 the difference between the gross annual income and the $400 minimum tax imposed with the amount refunded capped at $400.
Provides, for the tax year 2023 and thereafter, that any tax overpayment would be refunded with interest calculated at twelve percent (12%) compounded daily if not received by the thirtieth day of June in the subsequent year.
Allows a modification up to $50,000 of taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
Allows a modification for all taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
Allows a modification to federal adjusted gross income of fifty thousand dollars ($50,000) of taxable pension and/or annuity income for tax years beginning on or after January 1, 2025.
Excludes all overtime earned by an individual from adjusted gross income for tax years 2025 and 2026 and defines overtime as payment of at least 1½ times the rate of regular pay for hours worked over the standard forty (40) hours.