2014 -- H 7934 | |
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LC005170 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2014 | |
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A N A C T | |
RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND | |
COMPUTATION | |
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Introduced By: Representatives Marcello, Nunes, Malik, and Hearn | |
Date Introduced: March 13, 2014 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 44-18 of the General Laws entitled "Sales and Use Taxes - |
2 | Liability and Computation" is hereby amended by adding thereto the following section: |
3 | 44-18-41. Business community statute of limitations. -- (a) There is hereby established |
4 | a ten (10) year statute of limitations on the collection of any business tax imposed by reason of or |
5 | pursuant to authorization by any law of the state of Rhode Island. |
6 | (b) The statute of limitations provided for herein shall begin to run at the time the tax is |
7 | deemed owed to the division of taxation. |
8 | SECTION 2. This act shall take effect upon passage. |
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LC005170 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND | |
COMPUTATION | |
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1 | This act would establish a ten (10) year statute of limitations on the collection of any |
2 | business tax owed to the division of taxation. |
3 | This act would take effect upon passage. |
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