Hearing in February on film tax regulation

The Rhode Island Division of Taxation plans to hold a public hearing on February 8, 2018, on proposed changes to its regulation involving the motion picture production tax credit (also known as the film tax credit).


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.

A hearing on the proposed regulation was held earlier this month. However, because of an inter-agency scheduling matter, the hearing must be held again. For more information, click here.

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.