MINORITY WHIP FILIPPI COSPONSORS LEGISLATION TO ALLOW RHODE ISLANDERS OVER SIXTY-FIVE YEARS OLD TO DEDUCT UP TO $7,500.00 IN MAINTENANCE EXPENSES ON THEIR PERSONAL RESIDENCE.
STATE HOUSE – On Tuesday, May 29, 2018 the House Finance Committee will hold a hearing on House bill 8007 introduced by House Minority Whip Blake Filippi (Block Island, Charlestown, South Kingstown and Westerly). H-8007 would allow Rhode Islanders over sixty-five years old to deduct up to $7,500.00 in maintenance expenses on their personal residence.
“Rhode Island has some of the oldest housing stock in America. Unfortunately, many seniors have trouble laboring to do the maintenance required to upkeep their homes, and they often have to hire contractors to do the work they may not be able to safely do themselves,” stated Filippi.
“Rhode Island has struggled to keep older residents here after they retire because many leave for states that have lower income taxes and better incentives for older residents. Senior home care costs exacerbate the trouble many have affording to stay in their homes. We want to ensure that seniors can continue to play a role in our communities and that starts with empowering them to stay here,” stated Rep. Filippi.
The bill is cosponsored by House Minority Leader Patricia Morgan (R-District 26 Coventry, Warwick, West Warwick), Rep. Bob Quattrocchi (R-District 41 Scituate, Cranston), House Senior Deputy Minority Leader Anthony Giarrusso (R-District 30 East Greenwich, West Greenwich), and Rep. Sherry Roberts (R-District 29 Coventry, West Greenwich)