H5444

	2015 -- H 5444
	========
	LC000354
	========
	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2015
	____________
	A N A C T
	RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND
	COMPUTATION

	Introduced By: Representatives Marcello, Serpa, Hearn, Shekarchi, and Morgan
	Date Introduced: February 12, 2015
	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. -- Business community and
4	personal income tax statute of limitations. – (a) There is hereby established a ten (10) year
5	statute of limitations on the collection of any business tax and/or personal income tax imposed by
6	reason of or pursuant to authorization by any law of the state of Rhode Island.
7	(b) The statute of limitations provided for herein shall commence at the time the tax is
8	deemed owed to the division of taxation.
9	SECTION 2. This act shall take effect upon passage.
	========
	LC000354
	========

	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND
	COMPUTATION
	***
1	This act would establish a ten (10) year statute of limitations on the collection of any
2	business tax and/or personal income tax owed to the division of taxation.
3	This act would take effect upon passage.
	========
	LC000354
	========
	LC000354 - Page 2 of 2