Latest Administrative Decisions

 In the latest Administrative Decisions, the issues addressed were:

• Whether the Taxpayer owes the Division's assessment for tax years 2015 through 2019 in relation to the rental vehicle surcharge ("RVS"). Details are contained in Administrative Decision 2023-03. 
• Whether the Division correctly denied the Taxpayer's refund request for its payment of hard to dispose material tax for 2018. Details are contained in Administrative Decision 2023-04.

Application period for Wavemaker reopens

The application period for the Wavemaker Fellowship has reopened.

The Wavemaker Fellowship is available to graduates who have incurred student loan debt during the completion of an associate degree, bachelor's degree, or graduate degree, and are pursuing careers in science, technology, engineering, mathematics, or design-related fields -- including life, natural or environmental sciences; computer, information or software technology; advanced mathematics or finance; engineering; industrial design or other commercially related design field; or medical or medical device technology, or healthcare in the state.

Any resident or nonresident with higher education loan debt who is employed in Rhode Island in one of the fields mentioned above is encouraged to apply. The maximum annual Rhode Island tax credit awarded under the Wavemaker program is $6,000 for graduate degree holders, $4,000 for bachelor's degree holders, and $1,000 for holders of an associate degree. 

All applications must be submitted by 11:59, June 14, 2023, for consideration.

For more details on the Wavemaker program, visit the Wavemaker website.

Report on alcoholic beverages

The Rhode Island Division of Taxation has posted the annual report on the sales and taxation of alcoholic beverages. 

Read the report here.