H7314 — Provides modifications for payments of interest on student loans shall be subtracted from federal adjusted gross income to an amount equal to the payments of interest for the satisfaction of outstanding student loans.

H7314 — Provides modifications for payments of interest on student loans shall be subtracted from federal adjusted gross income to an amount equal to the payments of interest for the satisfaction of outstanding student loans. · Informed CitizenryThis bill proposes a change to how Rhode Island calculates personal income tax owed by residents who have outstanding student loans. Currently, certain deductions might not fully account for these…Open in Informed Citizenry