Rhode Island · 2025 Regular Session · Bill
SB 107: AN ACT RELATING TO TAXATION -- SURPLUS FUNDS TAX CREDIT ACT
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 107 is a bill introduced in the Rhode Island Senate on January 31, 2025. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- SURPLUS FUNDS TAX CREDIT ACT. Primary sponsor: Lou Raptakis (Democratic), Elaine Morgan (Republican), Thomas Paolino (Republican), Jessica de la Cruz (Republican), Gordon Rogers (Republican). Most recent recorded action (May 29, 2025): 05/29/2025 Committee recommended measure be held for further study.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Lou Raptakis | Primary sponsor | Democratic | Senate | 33 |
| Elaine Morgan | Primary sponsor | Republican | Senate | 34 |
| Thomas Paolino | Primary sponsor | Republican | Senate | 17 |
| Jessica de la Cruz | Primary sponsor | Republican | Senate | 23 |
| Gordon Rogers | Primary sponsor | Republican | Senate | 21 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 05/29/2025 Committee recommended measure be held for further study
- 05/23/2025 Scheduled for hearing and/or consideration (05/29/2025)
- 01/31/2025 Introduced, referred to Senate Finance