2017 -- H 5769

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LC001191

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2017

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A N   A C T

RELATING TO TAXATION -- SALES AND USE TAXES--LIABILITY AND

COMPUTATION

     

     Introduced By: Representatives Lancia, Roberts, Morgan, Solomon, and Filippi

     Date Introduced: March 01, 2017

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-18 of the General Laws entitled "Sales and Use Taxes -

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Liability and Computation" is hereby amended by adding thereto the following section:

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     44-18-41. Business community and personal income tax statute of limitations.

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     (a) There is hereby established a ten (10) year statute of limitations on the collection of

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any business tax and/or personal income tax imposed by reason of or pursuant to authorization by

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any law of the state of Rhode Island.

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     (b) The statute of limitations provided for herein shall commence at the time the tax is

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deemed owed to the division of taxation.

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     SECTION 2. This act shall take effect upon passage.

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LC001191

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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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     This act would establish a ten (10) year statute of limitations on the collection of any

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business tax and/or personal income tax owed to the division of taxation.

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     This act would take effect upon passage.

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LC001191

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