Rhode Island H8438 modifies personal income tax to align with federal tax treatment for qualified tips and overtime income.
Rhode Island H8438 amends the personal income tax law to allow modifications to federal adjusted gross income for personal income tax. Specifically, it permits adjustments for qualified tips and overtime income, aligning the state tax treatment with federal tax treatment. This act includes provisions for modifications related to military service pensions, organ transplantation expenses, and other specific income sources. The changes are set to take effect upon passage of the bill.
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