Wednesday, June 25, 2014

Regulations, Administrative Decisions newly posted

The Rhode Island Division of Taxation today took the following actions: 
  • The agency posted as final Regulation OTP 14-01, which involves the taxation of tobacco products other than cigarettes (sometimes referred to as “other tobacco products” or “OTP”).
  • The agency formally repealed Regulation EFT 00-01, which involves electronic funds transfer, (because a more recent regulation covering the same subject is available).
  • The agency formally repealed Regulation CR 02-12, which deals with a credit for expenses related to quality standard certificates, because the underlying statute has been repealed. 

The Division of Taxation has also posted two new Administrative Decisions: 
  • Decision 2014-15 looks at a taxpayer’s eligibility for a personal income tax credit under the statewide property tax relief program.
  • Decision 2014-16 involves the denial of an application for a sales permit, litter permit, and cigarette dealer’s license.