2014 -- S 2147 | |
======== | |
LC003143 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2014 | |
____________ | |
A N A C T | |
RELATING TO TAXATION - LIABILITY AND COMPUTATION | |
| |
Introduced By: Senator William A.Walaska | |
Date Introduced: January 29, 2014 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-18-19 of the General Laws in Chapter 44-18 entitled "Sales and |
2 | Use Taxes - Liability and Computation" is hereby amended to read as follows: |
3 | 44-18-19. Collection of sales tax by retailer. -- The retailer shall add the tax imposed by |
4 | this chapter to the sale price or charge, and when added the tax constitutes a part of the price or |
5 | charge, is a debt from the consumer or user to the retailer, and is recoverable at law in the same |
6 | manner as other debts; provided, that the amount of tax that the retailer collects from the |
7 | consumer or user is as follows: |
8 | and where the amount of the sale is more than one dollar and eight cents ($1.08) the |
9 | amount of the tax is computed at the rate of six percent (6%).; provided that the amount of tax |
10 | that the retailer collects from the consumer or user for the period commencing July 1, 1990 is as |
11 | follows: |
12 | and where the amount of the sale is more than one dollar and seven cents ($1.07) the |
13 | amount of the tax is computed at the rate of seven percent (7%). |
14 | SECTION 2. This act shall take effect on July 1, 2014. |
======== | |
LC003143 | |
======== | |
| |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION - LIABILITY AND COMPUTATION | |
*** | |
1 | This act would reduce the sales tax from 7% to 6%. |
2 | This act would take effect on July 1, 2014. |
======== | |
LC003143 | |
======== | |
| LC003143 - Page 2 of 2 |