Guidance for Farmers

The Rhode Island Division of Taxation reminds farmers of Rhode Island’s Sales and Use Tax Exemption for farm equipment, and its requirements, and that all taxpayers that make retail sales, including farmers, must register with the Rhode Island Division of Taxation and obtain a sales permit.

More information is available in Advisory 2024-24.

Latest Administrative Decisions

In the latest Administrative Decisions, the issues addressed were both related to Taxpayers that defaulted on their Stipulations with the Division:

• Whether the Taxpayer breached its Stipulation with the Division, and if so, should any sanctions be imposed.
• Details are contained in Administrative Decision 2024-20.

• Whether the Taxpayer breached its stipulations with the Division, and if so, should any sanctions be imposed.
• Details are contained in Administrative Decision 2024-21.

3rd Quarter Estimated Payments - Due September 16

The Rhode Island Division of Taxation reminds taxpayers and tax professionals that the due date for third quarter payments of estimated tax this year is September 16, 2024. Estimated payments apply to personal income filers and many business entities.

More information is available in Advisory 2024-23.

Latest Administrative Decision

In the latest Administrative Decision, the issue addressed was whether the Taxpayer owes the tax assessed by the Division for sales and use.

Details are contained in Administrative Decision 2024-19.

Annual report on tax credits, incentives

The Division of Taxation has posted on its website its latest annual tax credit and incentive report, as required by Rhode Island statute.

The latest report identifies 18 businesses that received a combined total of over $34 million in certain state tax credits and incentives for the fiscal year that ended June 30, 2024.

Historic tax credits

A separate part of the report shows, in the aggregate, certain information related to projects that have requested certification under Rhode Island’s 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. 

The full report is available on the Division's website.

Cigarette Tax & Prepaid Sales Tax increase

The Rhode Island Division of Taxation has issued a reminder and guidance regarding the upcoming cigarette tax increase.

More information is available in Advisory 2024-22.

Latest Administrative Decision

In the latest Administrative Decision, the issue addressed was whether the Division properly denied the Taxpayer's sales tax refund claim.

Details are contained in Administrative Decision 2024-18.