Friday, December 20, 2013

Division of Taxation posts new Advisory

The Rhode Island Division of Taxation's latest Advisory, posted this afternoon, includes information about the following: 
  • the start date for filing season;
  • the first signed contract for historic tax credits;
  • a new online repository for such signed contracts;
  • a proposed regulation involving historic tax credits; and
  • an update involving the Streamlined Sales and Use Tax Agreement.

Tax credit contract now posted

The Rhode Island Division of Taxation today posted the first signed contract under the state's new program for historic preservation tax credits.

The contract includes the name of the recipient, the project involved, the project's cost, the amount of credits, and other details.

The Division of Taxation has also established an online repository where all such signed contracts will be posted.

The new historic preservation tax credit program -- and its attendant transparency -- are the result of legislation approved by the General Assembly and signed into law by Governor Lincoln D. Chafee in July.

Wednesday, December 18, 2013

Car sale triggers tax, penalties

An Administrative Decision posted today shows how someone wound up facing tax and penalties from the sale of a car. Click here to read the Decision.

Monday, December 16, 2013

Advisory on tax forms, sales tax, tax credits

The Rhode Island Division of Taxation's latest Advisory includes information about tax forms, the upcoming filing season, the annual sales tax reconciliation, historic tax credits, and more. Click here to view it.

Withholding tables now posted

The Rhode Island Division of Taxation has now posted on its website the booklet of withholding tables for tax year 2014.

Employers use the tables to figure out how much to withhold from an employee’s pay for Rhode Island personal income tax.

The booklet is posted for review under the "software developers" section of the Division of Taxation's website. Click here to view it.