Regulations, Administrative Decisions newly posted

The Rhode Island Division of Taxation today took the following actions: 

• The agency posted as final Regulation OTP 14-01, which involves the taxation of tobacco products other than cigarettes (sometimes referred to as “other tobacco products” or “OTP”).
• The agency formally repealed Regulation EFT 00-01, which involves electronic funds transfer, (because a more recent regulation covering the same subject is available).
• The agency formally repealed Regulation CR 02-12, which deals with a credit for expenses related to quality standard certificates, because the underlying statute has been repealed. 

The Division of Taxation has also posted two new Administrative Decisions: 

• Decision 2014-15 looks at a taxpayer’s eligibility for a personal income tax credit under the statewide property tax relief program.
• Decision 2014-16 involves the denial of an application for a sales permit, litter permit, and cigarette dealer’s license.

Latest Notices, Administrative Decisions, tax credit applicant

The Rhode Island Division of Taxation today posted two Notices regarding the real estate conveyance tax increase that will take effect July 1, 2014:

 

•  Notice 2014-07 is aimed mainly at real estate professionals and others.
•  Notice 2014-08 is for cities and towns.

 

The Division of Taxation has also posted two new Administrative Decisions:

 

•  Decision 2014-13 involves the cigarette tax and contraband cigarettes.   
•  Decision 2014-14 looks at whether a refund claim was filed on time.

 

In addition, the Division has updated its historic tax credit information page. The update shows the latest applicant to sign a contract and pay the required fee under the state's 2013 historic preservation tax credit program.