RI S2494 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 25 2020 - 25% progression, died in chamber
Action: 2020-11-18 - Committee heard
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 25 2020 - 25% progression, died in chamber
Action: 2020-11-18 - Committee heard
Text: Latest bill text (Introduced) [PDF]
Summary
Creates a new income tax bracket of 6.99% on taxable income over five hundred thousand dollars. Any tax collected on this income deposited into restricted receipt account and expended on education for grades kindergarten through twelfth grade.
Title
Personal Income Tax
Sponsors
| Sen. Ryan Pearson [D] | Sen. William Conley [D] | Sen. Louis Dipalma [D] | Sen. James Seveney [D] |
| Sen. Adam Satchell [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-11-18 | Senate | Committee heard |
| 2020-11-13 | Senate | Scheduled for hearing (11/18/2020) |
| 2020-02-25 | Senate | Introduced, referred to Senate Finance |
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText20/SenateText20/S2494.pdf |
