Rhode Island S3129 allows a modification to federal adjusted gross income for public pension benefits administered by the Employees Retirement System.

Rhode Island S3129 amends the state's personal income tax law to allow a modification to federal adjusted gross income for public pension benefits administered by the Employees Retirement System of Rhode Island. This modification is intended to adjust the taxable income of Rhode Island residents by excluding certain pension benefits from their federal adjusted gross income. The bill specifies that this modification applies to taxable pension and/or annuity income included in federal adjusted gross income.

Rhode Island S3129 allows a modification to federal adjusted gross income for public pension benefits administered by the Employees Retirement System.

Rhode Island S3129 amends the state's personal income tax law to allow a modification to federal adjusted gross income for public pension benefits administered by the Employees Retirement System of Rhode Island. This modification is intended to adjust the taxable income of Rhode Island residents by excluding certain pension benefits from their federal adjusted gross income. The bill specifies that this modification applies to taxable pension and/or annuity income included in federal adjusted gross income.