AN ACT RELATING TO TAXATION -- STATE TAX OFFICIALS

Summary

The bill forces anyone paying a contractor who does not have a regular business location in Rhode Island to hold back 3% of the contract price until the contractor requests a tax audit. The tax administrator must issue a certificate of tax due or no tax due within 30‑60 days, and failure to follow the rules can trigger penalties for the payer. It aims to improve tax compliance on work performed by nonresident firms.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share