AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

HB 7594 increases Rhode Island's earned-income tax credit (EITC) rate to 30% for tax years beginning in 2027 and later. This change directly benefits low-to-moderate income workers who qualify for the EITC, providing them with a larger refundable tax credit. The bill amends the state's tax code to adjust the credit percentage while maintaining the existing eligibility rules for qualifying individuals and families. This is a concrete policy change that will increase tax refunds for eligible working residents starting in 2027.