Establishes a child tax credit of $330 for eligible taxpayers, adjusted for inflation annually starting January 1, 2027.

This bill establishes a child tax credit in Rhode Island, providing a credit of $330 for eligible taxpayers, adjusted for inflation annually starting January 1, 2027. The credit is applicable to each claimed child dependent of an eligible taxpayer. The bill defines "eligible taxpayer" as any natural person domiciled in Rhode Island who filed a resident tax return. The credit is subject to adjustments for inflation and will take effect on January 1, 2027.

Establishes a child tax credit of $330 for eligible taxpayers, adjusted for inflation annually starting January 1, 2027.

This bill establishes a child tax credit in Rhode Island, providing a credit of $330 for eligible taxpayers, adjusted for inflation annually starting January 1, 2027. The credit is applicable to each claimed child dependent of an eligible taxpayer. The bill defines "eligible taxpayer" as any natural person domiciled in Rhode Island who filed a resident tax return. The credit is subject to adjustments for inflation and will take effect on January 1, 2027.