Restaurant industry ruling - sales and use tax
The
Rhode Island Division of Taxation has posted a Declaratory Ruling regarding whether a restaurant group’s use of mobile point-of-sale devices is
subject to the Rhode Island sales and use tax.
The issue involves a large, full-service, casual-dining company, with restaurant locations in Rhode Island. In the ruling, which is based on the facts and circumstances of this particular case, the Division determines the following:
- Whether the vendor's lease or rental of the devices to the restaurant company would be subject to Rhode Island sales and use tax.
- Whether the restaurant company's sale of games, news, songs, and other content through the devices to the company's customers would be subject to Rhode Island sales and use tax.
- Whether the device vendor would have to apply for a Rhode Island retail sales permit and collect and remit tax on its sales to the restaurant company.
To view Ruling 2017-03, click
here.
Tax credit and incentive report
The Rhode
Island Division of Taxation has posted its latest annual tax credit and incentive report, as required by Rhode Island statute.
The report identifies 17 businesses that received a combined total of approximately
$21.6 million in certain state tax credits and incentives for the fiscal year
ended June 30, 2017.
Certain
of those recipients also received a combined total of approximately $3.9
million in other Rhode Island tax credits and incentives, the report shows.
- Altogether, approximately 365 businesses have received a total of $290 million in Rhode Island tax credits and incentives since 2008, the report shows.
Historic tax credits
The latest annual tax credit and incentive report also includes certain details regarding the historic
preservation tax credit program of 2013.
The report
shows, in the aggregate, the number of jobs created, the number of Rhode Island
businesses retained for work, the total amount of qualified rehabilitation expenditures,
and the cost of materials or products purchased from Rhode Island businesses.
|
Historic
preservation tax credit program of 2013
|
|
|
Number of jobs created
|
1,301.5
|
|
Number of Rhode Island businesses
retained for work
|
770
|
|
Total amount of qualified
rehabilitation expenditures
|
$84,023,547
|
|
Total cost of materials or products
purchased from Rhode Island businesses
|
$29,836,470
|
To view a copy of the report, which the Division posted by the statutory deadline, click here.
