The Rhode Island Division of Taxation reminds taxpayers that the passage of House Bill 5200, Substitute A, as amended, increased the Rhode Island earned income tax credit (EITC) for Tax Years beginning on or after January 1, 2024, to 16% of the federal credit. The refundable portion continues to be 100% of the amount by which the Rhode Island EITC exceeded the Rhode Island income tax.
Details are available in Advisory 2023-13.
