Among other things, the Division would:
- add a requirement that costs be arms-length transactions to qualify as costs for purposes of the credit;
- delete video games from the definition of a motion picture;
- change the language involving the sunset provision so that it reflects a recent update in the underlying law; and
- change the regulation's format so that it complies with the Rhode Island Code of Regulations, a uniform state code.
Other regulations filed
The Division of Taxation continues to periodically file proposed and final regulations with the Rhode Island Department of State (Secretary of State).
Most of these have to do with the Division's months-long effort to streamline and re-codify its regulations. For the most recent such activity involving proposed regulations, click here. For the most recent such activity involving regulations filed as final, click here.