Rhode Island Senate bill in Session 2026.
Status: in_committee. Latest action: May 26, 2026.
AN ACT RELATING TO TAXATION -- SURPLUS FUNDS TAX CREDIT ACT.
Mandates that any surplus state tax revenue received in any fiscal year would be refunded to the taxpayers of this state on a proportional basis in relation to the personal income tax liability incurred by the taxpayers in that fiscal year.
| Date | Event | Detail |
|---|---|---|
| 2026-01-16 | Introduced | Bill introduced |
| 2026-05-26 | Status | in_committee |
| 2026-05-26 | Latest Action | Committee recommended measure be held for further study |