Sales permits mailed

Retailers can expect to receive sales permits covering the period from July 1, 2023, to June 30, 2024.

Details available in Advisory 2023-12.

Latest newsletter now available

The Division's latest newsletter is available in the Newsletter Archive.

Read our 2nd Quarter 2023 Newsletter.

June 15 Deadline Guidance Posted

The Rhode Island Division of Taxation reminds taxpayers and tax professionals that an important deadline for many payment types is quickly approaching. June 15 is the deadline for the second installment of estimated payments. Estimated payments apply to some personal income filers and many business entities.

Details are available in Advisory 2023-11.

Bi-annual application of consumer price index to Rhode Island Motor Fuel Tax

The Rhode Island Division of Taxation has applied a statutory formula to determine the Rhode Island Motor Fuel Tax rate that will be in effect as of July 1, 2023. The Division is providing information regarding this most recent adjustment in advance of the July 1, 2023 effective date to allow stakeholders to take the necessary steps to accommodate the new rate.

Details are available in Advisory 2023-10.

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.