Rhode Island H7594 raises the earned-income tax credit to 30% for tax years 2027 and beyond.
Rhode Island H7594 would raise the earned-income tax credit to thirty percent (30%) for the tax years 2027 and beyond. The bill adjusts the credit incrementally from 16% in 2024 to 30% starting in 2027. The credit is calculated based on the federal earned-income credit and cannot exceed the Rhode Island income tax. The bill takes effect upon passage.
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- Legal Framework
- Critical Issues
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