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- The agency formally repealed Regulation EFT 00-01, which involves electronic funds transfer, (because a more recent regulation covering the same subject is available).
- The agency formally repealed Regulation CR 02-12, which deals with a credit for expenses related to quality standard certificates, because the underlying statute has been repealed.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: