Tuesday, September 19, 2017

Regulatory hearing set for October

The Rhode Island Division of Taxation plans to hold a hearing on October 18, 2017, on proposed actions involving eight regulations. 

The hearing will begin at 9:30 a.m. at the Department of Administration building at One Capitol Hill in Providence, Rhode Island, diagonally across from the Smith Street entrance to the State House. 

The proposed changes – some of which involve presenting regulations in the new Rhode Island Code of Regulation format – are available for review on the Rhode Island Secretary of State website (click here). A summary of the proposed regulatory actions is in the table below.


Proposed regulatory actions
Regulation topic
Old #
Action:
New #
Reason
Access to public records
n/a
Amend
280-RICR-20-00-3
Stand-alone regulation separate from Dept. of Revenue; new format
Bank excise tax
BE 95-01
Repeal
n/a
Reg. merely restates existing statute
Compassion center surcharge
CCS 11-01
Repeal
n/a
Reg. merely restates existing statute
Taxpayer rights and responsibilities
TRR 98-01
Amend
280-RICR-20-00-4
New format
Sale of real estate by nonresidents
NRW 95-02
Repeal
n/a (see below)
Merging into new regulation
Sale of real estate by nonresident LLCs
NRW 95-03
Repeal
n/a (see below)
Merging into new regulation
Withholding on sale of real estate by nonresidents
NRW 91-01
Repeal
n/a (see below)
Merging into new regulation
Withholding tax on sale of real estate by nonresidents
n/a
Adopt
280-RICR-20-10-1
Consolidating three regulations scheduled for repeal (see above)