PROVIDENCE – The state’s senior citizens would receive a variety of tax breaks by virtue of several pieces of legislation being considered by the General Assembly.
The lawmakers who introduced the bills say they are intended to help the state’s older population and to keep them from fleeing to more tax-friendly locales.
Sen. Edward O’Neill (I-Dist. 17, Lincoln, North Smithfield, North Providence) sponsored two separate bills. One would exempt Social Security payments from the state’s income tax, and the other would change the estate tax to make the first $2 million of a person’s holdings exempt from the taxman.
“We’re trying to stop the exodus of people leaving Rhode Island to other states, and the tax issue is a big one,” O’Neill, an independent whose district covers parts of Lincoln, North Smithfield and North Providence, told The Call.
Full story appears on page A1 of Saturday's Call and Saturday's Times.