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art.006/6/006/5/006/4/006/3/006/2/006/1 | ||
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1 | ARTICLE 6 AS AMENDED | |
2 | RELATING TO TAXES AND REVENUE | |
3 | SECTION 1. Sections 5-65-5, 5-65-8 and 5-65-9 of the General Laws in Chapter 5-65 | |
4 | entitled “Contractors’ Registration and Licensing Board” are hereby amended to read as follows: | |
5 | 5-65-5. Registered application. | |
6 | (a) A person who wishes to register as a contractor shall submit an application upon a form | |
7 | prescribed by the board. The application shall include: | |
8 | (1) Workers' compensation insurance account number, or company name if a number has | |
9 | not yet been obtained, if applicable; | |
10 | (2) Unemployment insurance account number, if applicable; | |
11 | (3) State withholding tax account number, if applicable; | |
12 | (4) Federal employer identification number, if applicable, or if self-employed and | |
13 | participating in a retirement plan; | |
14 | (5)(i) The individual(s) name and business address and residential address of: | |
15 | (A) Each partner or venturer, if the applicant is a partnership or joint venture; | |
16 | (B) The owner, if the applicant is an individual proprietorship; | |
17 | (C) The corporation officers and a copy of corporate papers filed with the Rhode Island | |
18 | secretary of state's office, if the applicant is a corporation; | |
19 | (ii) Post office boxes are not acceptable as the only address; | |
20 | (6) A statement as to whether or not the applicant has previously applied for registration, | |
21 | or is or was an officer, partner, or venturer of an applicant who previously applied for registration | |
22 | and if so, the name of the corporation, partnership, or venture; | |
23 | (7) Valid insurance certificate for the type of work being performed. | |
24 | (b) A person may be prohibited from registering or renewing a registration as a contractor | |
25 | under the provisions of this chapter or his or her registration may be revoked or suspended if he or | |
26 | she has any unsatisfied or outstanding judgments from arbitration, bankruptcy, courts, or | |
27 | administrative agency against him or her relating to his or her work as a contractor, and provided, | |
28 | further, that a statement shall be provided to the board attesting to the information herein. | |
29 | (c) Failure to provide or falsified information on an application, or any document required | |
30 | by this chapter, is punishable by a fine not to exceed ten thousand dollars ($10,000) and/or | |
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1 | revocation of the registration. | |
2 | (d) An applicant must be at least eighteen (18) years of age. | |
3 | (e) Satisfactory proof shall be provided to the board evidencing the completion of five (5) | |
4 | two and one-half (2.5) hours of continuing education units that will be required to be maintained | |
5 | by residential contractors as a condition of registration as determined by the board pursuant to | |
6 | established regulations. | |
7 | (f) A certification in a form issued by the board shall be completed upon registration or | |
8 | license or renewal to ensure contractors are aware of certain provisions of this law and shall be | |
9 | signed by the registrant before a registration can be issued or renewed. | |
10 | 5-65-8. Term of registration – Renewal – Registration identification card. | |
11 | (a) A certificate of registration shall be valid for two one (2) (1) years from the date of | |
12 | issuance unless the registration is revoked or suspended as described in § 5-65-10. It may be | |
13 | renewed by the same procedure provided for an original registration upon application and | |
14 | furnishing of any additional supplemental information that the board may require by rule. | |
15 | (b) The board shall issue a pocket-card certificate of registration to a contractor registered | |
16 | under this chapter including a picture of the registrant as prescribed by the board in the rules and | |
17 | regulations. The Rhode Island department of administration, division of motor vehicles, shall, upon | |
18 | the board's request, provide electronic copies of the digital photos of any registrant under this | |
19 | chapter on record to be incorporated into the contractors' registration data bank to match the drivers' | |
20 | licenses or IDs provided by registrants or applicants unless the applicant provides written | |
21 | notification to the board to the contrary. | |
22 | (c) The board may vary the dates of registration renewal by giving to the registrant written | |
23 | notice of the renewal date assigned and by making appropriate adjustments in the renewal fee. | |
24 | (d) The presentation of the registration or license identification card shall be mandatory at | |
25 | the time of permit application. | |
26 | (e) If a registrant files in bankruptcy court, the board must be notified in writing by the | |
27 | registrant and kept informed of the status of the case until dismissed, discharged, or resolved in | |
28 | court. | |
29 | 5-65-9. Registration fee. | |
30 | (a) Each applicant shall pay to the board: | |
31 | (1) For original registration or renewal of registration, a fee of two hundred dollars ($200) | |
32 | one hundred and fifty dollars ($150). | |
33 | (2) A fee for all changes in the registration, as prescribed by the board, other than those | |
34 | due to clerical errors. | |
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1 | (b) All fees and fines collected by the board shall be deposited as general revenues to | |
2 | support the activities set forth in this chapter until June 30, 2008. Beginning July 1, 2008, all fees | |
3 | and fines collected by the board shall be deposited into a restricted-receipt account for the exclusive | |
4 | use of supporting programs established by this chapter. | |
5 | (c) On or before January 15, 2018, and annually thereafter, the board shall file a report with | |
6 | the speaker of the house and the president of the senate, with copies to the chairpersons of the house | |
7 | and senate finance committees, detailing: | |
8 | (1) The total number of fines issued, broken down by category, including the number of | |
9 | fines issued for a first violation and the number of fines issued for a subsequent violation; | |
10 | (2) The total dollar amount of fines levied; | |
11 | (3) The total amount of fees, fines, and penalties collected and deposited for the most | |
12 | recently completed fiscal year; and | |
13 | (4) The account balance as of the date of the report. | |
14 | (d) Each year, the department of business regulation shall prepare a proposed budget to | |
15 | support the programs approved by the board. The proposed budget shall be submitted to the board | |
16 | for its review. A final budget request shall be submitted to the legislature as part of the department | |
17 | of business regulation's annual request. | |
18 | (e) New or renewal registrations may be filed online or with a third-party approved by the | |
19 | board, with the additional cost incurred to be borne by the registrant. | |
20 | SECTION 2. Section 73-4 of Chapter 5 of the General Laws entitled “Roofing Contractors” | |
21 | is hereby amended to read as follows: | |
22 | 5-73-4. Registration fee. | |
23 | All roofing contractors shall submit a payment in the amount of four hundred dollars | |
24 | ($400), which shall support the licensing program, representing a license fee along with the | |
25 | application referenced in § 5-73-3, and be required to comply with the provisions of chapter 65 of | |
26 | this title and those provisions shall be interpreted to include commercial roofers as defined in this | |
27 | chapter. Beginning July 1, 2008, all fines and fees collected pursuant to this chapter shall be | |
28 | deposited into a restricted-receipt account for the exclusive use of supporting programs established | |
29 | by the board. The license shall expire every two (2) years on the anniversary date of the license's | |
30 | issuance and may be renewed upon payment of a two hundred dollar ($200) fee. | |
31 | SECTION 3. Section 7-11-206 of the General Laws in Chapter 7-11 entitled “Rhode Island | |
32 | Uniform Securities Act” is hereby amended to read as follows: | |
33 | 7-11-206. Licensing and notice fees; and filing requirements for federal covered | |
34 | advisers. | |
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1 | (a) A federal covered adviser or an applicant for licensing shall pay an annual fee as | |
2 | follows: | |
3 | (1) Broker-dealer three hundred dollars ($300) and for each branch office one hundred | |
4 | dollars ($100); | |
5 | (2) Sales representative seventy-five dollars ($75.00) one hundred dollars ($100.00); | |
6 | (3) Investment adviser three hundred dollars ($300); | |
7 | (4) Investment adviser representative sixty dollars ($60.00); and | |
8 | (5) Federal covered adviser three hundred dollars ($300). | |
9 | (b) Except with respect to federal covered advisers whose only clients are those described | |
10 | in § 7-11-204(1)(i), a federal covered adviser shall file any documents filed with the U.S. Securities | |
11 | and Exchange Commission with the director, that the director requires by rule or order, together | |
12 | with any notice fee and consent to service of process that the director requires by rule or order. The | |
13 | notice filings under this subsection expire annually on December 31, unless renewed. | |
14 | (c) A notice filing under this section is effective from receipt until the end of the calendar | |
15 | year. A notice filing may be renewed by filing any documents that have been filed with the U.S. | |
16 | Securities and Exchange Commission as required by the director along with a renewal fee of three | |
17 | hundred dollars ($300). | |
18 | (d) A federal covered adviser may terminate a notice filing upon providing the director | |
19 | notice of the termination, which is effective upon receipt by the director. | |
20 | (e) Notwithstanding the provisions of this section, until October 11, 1999, the director may | |
21 | require the registration as an investment adviser of any federal covered adviser who has failed to | |
22 | promptly pay the fees required by this section after written notification from the director of the | |
23 | nonpayment or underpayment of the fees. A federal covered adviser is considered to have promptly | |
24 | paid the fees if they are remitted to the director within fifteen (15) days following the federal | |
25 | covered adviser's receipt of written notice from the director. | |
26 | (f) For purposes of this section, "branch office" means any location where one or more | |
27 | associated persons of a broker-dealer regularly conducts the business of effecting any transactions | |
28 | in, or inducing or attempting to induce the purchase or sale of any security, or is held out as such, | |
29 | excluding: | |
30 | (1) Any location that is established solely for customer service and/or back office type | |
31 | functions where no sales activities are conducted and that is not held out to the public as a branch | |
32 | office; | |
33 | (2) Any location that is the associated person's primary residence; provided that: | |
34 | (i) Only one associated person, or multiple associated persons who reside at that location | |
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1 | and are members of the same immediate family, conduct business at the location; | |
2 | (ii) The location is not held out to the public as an office and the associated person does | |
3 | not meet with customers at the location; | |
4 | (iii) Neither customer funds nor securities are handled at that location; | |
5 | (iv) The associated person is assigned to a designated branch office, and such designated | |
6 | branch office is reflected on all business cards, stationery, advertisements and other | |
7 | communications to the public by such associated person; | |
8 | (v) The associated person's correspondence and communications with the public are | |
9 | subject to the firm's supervision in accordance with Rule 3010 of the Financial Industry Regulatory | |
10 | Authority; | |
11 | (vi) Electronic communications are made through the broker-dealer's electronic system; | |
12 | (vii) All orders are entered through the designated branch office or an electronic system | |
13 | established by the broker-dealer that is reviewable at the branch office; | |
14 | (viii) Written supervisory procedures pertaining to supervision of sales activities conducted | |
15 | at the residence are maintained by the broker-dealer; and | |
16 | (ix) A list of the residence locations is maintained by the broker-dealer; | |
17 | (3) Any location, other than a primary residence, that is used for securities business for less | |
18 | than thirty (30) business days in any one calendar year, provided the broker-dealer complies with | |
19 | the provisions of subsections (f)(2)(i) through (ix) above; | |
20 | (4) Any office of convenience, where associated person(s) occasionally and exclusively by | |
21 | appointment meet with customers, which is not held out to the public as an office; | |
22 | (5) Any location that is used primarily to engage in non-securities activities and from which | |
23 | the associated person(s) effects no more than twenty-five (25) securities transactions in any one | |
24 | calendar year; provided that any advertisement or sales literature identifying such location also sets | |
25 | forth the address and telephone number of the location from which the associated person(s) | |
26 | conducting business at the non-branch locations are directly supervised; | |
27 | (6) The floor of a registered national securities exchange where a broker-dealer conducts a | |
28 | direct access business with public customers; | |
29 | (7) A temporary location established in response to the implementation of a business | |
30 | continuity plan. | |
31 | (g) Notwithstanding the exclusions in subsection (f), any location that is responsible for | |
32 | supervising the activities of persons associated with the broker-dealer at one or more non-branch | |
33 | locations of the broker-dealer is considered to be a branch office. | |
34 | (h) The term "business day" as used in subsection (f) shall not include any partial business | |
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1 | day provided that the associated person spends at least four (4) hours on such business day at his | |
2 | or her designated branch office during the hours that such office is normally open for business. | |
3 | (i) Where such office of convenience is located on bank premises, signage necessary to | |
4 | comply with applicable federal and state laws, rules and regulations and applicable rules and | |
5 | regulations of the New York Stock Exchange, other self-regulatory organizations, and securities | |
6 | and banking regulators may be displayed and shall not be deemed "holding out" for purposes of | |
7 | subsection (f)(4). | |
8 | (j) If an application is denied or withdrawn or the license is revoked, suspended, or | |
9 | withdrawn, the director is not required to refund the fee paid. | |
10 | (k) The director may issue a stop order suspending the activities of a federal covered | |
11 | adviser in this state if the director reasonably believes there has been a violation of the provisions | |
12 | of this section. | |
13 | SECTION 4. Section 23-17-38.1 of the General Laws in Chapter 23-17 entitled “Licensing | |
14 | of Health Care Facilities” is hereby amended to read as follows: | |
15 | 23-17-38.1. Hospitals – Licensing fee. | |
16 | (a) There is also imposed a hospital licensing fee at the rate of six percent (6%) upon the | |
17 | net patient-services revenue of every hospital for the hospital's first fiscal year ending on or after | |
18 | January 1, 2017, except that the license fee for all hospitals located in Washington County, Rhode | |
19 | Island shall be discounted by thirty-seven percent (37%). The discount for Washington County | |
20 | hospitals is subject to approval by the Secretary of the U.S. Department of Health and Human | |
21 | Services of a state plan amendment submitted by the executive office of health and human services | |
22 | for the purpose of pursuing a waiver of the uniformity requirement for the hospital license fee. This | |
23 | licensing fee shall be administered and collected by the tax administrator, division of taxation | |
24 | within the department of revenue, and all the administration, collection, and other provisions of | |
25 | chapter 51 of title 44 shall apply. Every hospital shall pay the licensing fee to the tax administrator | |
26 | on or before July 10, 2019, and payments shall be made by electronic transfer of monies to the | |
27 | general treasurer and deposited to the general fund. Every hospital shall, on or before June 14, | |
28 | 2019, make a return to the tax administrator containing the correct computation of net patient- | |
29 | services revenue for the hospital fiscal year ending September 30, 2017, and the licensing fee due | |
30 | upon that amount. All returns shall be signed by the hospital's authorized representative, subject to | |
31 | the pains and penalties of perjury. | |
32 | (b) (a) There is also imposed a hospital licensing fee at the rate of six percent (6%) upon | |
33 | the net patient-services revenue of every hospital for the hospital's first fiscal year ending on or | |
34 | after January 1, 2018, except that the license fee for all hospitals located in Washington County, | |
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1 | Rhode Island shall be discounted by thirty-seven percent (37%). The discount for Washington | |
2 | County hospitals is subject to approval by the Secretary of the U.S. Department of Health and | |
3 | Human Services of a state plan amendment submitted by the executive office of health and human | |
4 | services for the purpose of pursuing a waiver of the uniformity requirement for the hospital license | |
5 | fee. This licensing fee shall be administered and collected by the tax administrator, division of | |
6 | taxation within the department of revenue, and all the administration, collection, and other | |
7 | provisions of Chapter 51 of title 44 shall apply. Every hospital shall pay the licensing fee to the tax | |
8 | administrator on or before July 13, 2020, and payments shall be made by electronic transfer of | |
9 | monies to the general treasurer and deposited to the general fund. Every hospital shall, on or before | |
10 | June 15, 2020, make a return to the tax administrator containing the correct computation of net | |
11 | patient- services revenue for the hospital fiscal year ending September 30, 2018, and the licensing | |
12 | fee due upon that amount. All returns shall be signed by the hospital's authorized representative, | |
13 | subject to the pains and penalties of perjury. | |
14 | (c) (b) There is also imposed a hospital licensing fee for state fiscal year 2021 against each | |
15 | hospital in the state. The hospital licensing fee is equal to five percent (5.0%) of the net patient- | |
16 | services revenue of every hospital for the hospital's first fiscal year ending on or after January 1, | |
17 | 2018 2019, except that the license fee for all hospitals located in Washington County, Rhode Island | |
18 | shall be discounted by thirty-seven percent (37%). The discount for Washington County hospitals | |
19 | is subject to approval by the Secretary of the U.S. Department of Health and Human Services of a | |
20 | state plan amendment submitted by the executive office of health and human services for the | |
21 | purpose of pursuing a waiver of the uniformity requirement for the hospital license fee. This | |
22 | licensing fee shall be administered and collected by the tax administrator, division of taxation | |
23 | within the department of revenue, and all the administration, collection, and other provisions of | |
24 | Chapter 51 of title 44 shall apply. Every hospital shall pay the licensing fee to the tax administrator | |
25 | on or before July 13, 2021, and payments shall be made by electronic transfer of monies to the | |
26 | general treasurer and deposited to the general fund. Every hospital shall, on or before June 15, | |
27 | 2020, make a return to the tax administrator containing the correct computation of net patient- | |
28 | services revenue for the hospital fiscal year ending September 30, 2018 2019, and the licensing fee | |
29 | due upon that amount. All returns shall be signed by the hospital's authorized representative, subject | |
30 | to the pains and penalties of perjury. | |
31 | (d) (c) There is also imposed a hospital licensing fee for state fiscal year 2022 against each | |
32 | hospital in the state. The hospital licensing fee is equal to five and seven hundred twenty-five | |
33 | thousandths percent (5.725%) of the net patient-services revenue of every hospital for the hospital's | |
34 | first fiscal year ending on or after January 1, 2020, except that the license fee for all hospitals | |
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1 | located in Washington County, Rhode Island shall be discounted by thirty-seven percent (37%). | |
2 | The discount for Washington County hospitals is subject to approval by the Secretary of the U.S. | |
3 | Department of Health and Human Services of a state plan amendment submitted by the executive | |
4 | office of health and human services for the purpose of pursuing a waiver of the uniformity | |
5 | requirement for the hospital license fee. This licensing fee shall be administered and collected by | |
6 | the tax administrator, division of taxation within the department of revenue, and all the | |
7 | administration, collection, and other provisions of Chapter 51 of title 44 shall apply. Every hospital | |
8 | shall pay the licensing fee to the tax administrator on or before July 13, 2022, and payments shall | |
9 | be made by electronic transfer of monies to the general treasurer and deposited to the general fund. | |
10 | Every hospital shall, on or before June 15, 2022, make a return to the tax administrator containing | |
11 | the correct computation of net patient-services revenue for the hospital fiscal year ending | |
12 | September 30, 2020, and the licensing fee due upon that amount. All returns shall be signed by the | |
13 | hospital's authorized representative, subject to the pains and penalties of perjury. | |
14 | (d) For purposes of this section the following words and phrases have the following | |
15 | meanings: | |
16 | (1) "Hospital" means the actual facilities and buildings in existence in Rhode Island, | |
17 | licensed pursuant to § 23-17-1 et seq. on June 30, 2010, and thereafter any premises included on | |
18 | that license, regardless of changes in licensure status pursuant to chapter 17.14 of title 23 (hospital | |
19 | conversions) and § 23-17-6(b) (change in effective control), that provides short-term acute inpatient | |
20 | and/or outpatient care to persons who require definitive diagnosis and treatment for injury, illness, | |
21 | disabilities, or pregnancy. Notwithstanding the preceding language, the negotiated Medicaid | |
22 | managed care payment rates for a court-approved purchaser that acquires a hospital through | |
23 | receivership, special mastership, or other similar state insolvency proceedings (which court- | |
24 | approved purchaser is issued a hospital license after January 1, 2013) shall be based upon the newly | |
25 | negotiated rates between the court-approved purchaser and the health plan, and such rates shall be | |
26 | effective as of the date that the court-approved purchaser and the health plan execute the initial | |
27 | agreement containing the newly negotiated rate. The rate-setting methodology for inpatient hospital | |
28 | payments and outpatient hospital payments set forth in §§ 40-8-13.4(b) and 40-8-13.4(b)(2), | |
29 | respectively, shall thereafter apply to negotiated increases for each annual twelve-month (12) | |
30 | period as of July 1 following the completion of the first full year of the court-approved purchaser's | |
31 | initial Medicaid managed care contract. | |
32 | (2) "Gross patient-services revenue" means the gross revenue related to patient care | |
33 | services. | |
34 | (3) "Net patient-services revenue" means the charges related to patient care services less | |
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1 | (i) charges attributable to charity care; (ii) bad debt expenses; and (iii) contractual allowances. | |
2 | (e) The tax administrator shall make and promulgate any rules, regulations, and procedures | |
3 | not inconsistent with state law and fiscal procedures that he or she deems necessary for the proper | |
4 | administration of this section and to carry out the provisions, policy, and purposes of this section. | |
5 | (f) The licensing fee imposed by subsection (b) shall apply to hospitals as defined herein | |
6 | that are duly licensed on July 1, 2019 2020, and shall be in addition to the inspection fee imposed | |
7 | by § 23-17-38 and to any licensing fees previously imposed in accordance with this section. | |
8 | (g) The licensing fee imposed by subsection (c) shall apply to hospitals as defined herein | |
9 | that are duly licensed on July 1, 2020 2021, and shall be in addition to the inspection fee imposed | |
10 | by § 23-17-38 and to any licensing fees previously imposed in accordance with this section. | |
11 | SECTION 5. Section 42-17.1-9.1 of the General Laws in Chapter 42-17.1 entitled "User | |
12 | fees at state beaches, parks, and recreation areas” is hereby amended to read as follows: | |
13 | 42-17.1-9.1. User fees at state beaches, parks, and recreation areas. | |
14 | (a) The department of environmental management in pursuance of its administrative duties | |
15 | and responsibilities may charge a user fee for any state beach, or recreational area under its | |
16 | jurisdiction, and fees for the use of its services or facilities. | |
17 | (b) The fee may be on a daily or annual basis, or both, and may be based on vehicle parking | |
18 | or other appropriate means. The fees may recognize the contribution of Rhode Island taxpayers to | |
19 | support the facilities in relation to other users of the state's facilities. The fee structure may | |
20 | acknowledge the need to provide for all people, regardless of circumstances. | |
21 | (c) An additional fee for camping and other special uses may be charged where appropriate. | |
22 | Rates so charged should be comparable to equivalent commercial facilities. | |
23 | (d) All such fees shall be established after a public hearing. | |
24 | (e) All daily fees from beach parking, which shall also include fees charged and collected | |
25 | at Ninigret conservation area and Charlestown breachway, shall be shared with the municipality in | |
26 | which the facility is located on the basis of seventy-three percent (73%) retained by the state and | |
27 | twenty-seven percent (27%) remitted to the municipality; provided, further, from July 1, 2016, until | |
28 | October 1, 2021, the beach fees charged and collected under this subsection shall be equal to those | |
29 | in effect on June 30, 2011. | |
30 | (1) Notwithstanding subsection (e), effective July 1, 2021, the fees charged and collected | |
31 | for facilities located in the town of Westerly may exceed those in effect on June 30, 2011, in an | |
32 | amount to be reasonably determined by the department of environmental management. | |
33 | (f) Fifty percent (50%) of all user and concession fees received by the state shall be | |
34 | deposited as general revenues. For the year beginning July 1, 1979, the proportion of user and | |
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1 | concession fees to be received by the state shall be sixty-five percent (65%); for the year beginning | |
2 | July 1, 1980, eighty-five percent (85%); and for the year beginning July 1, 1981, and all years | |
3 | thereafter, one hundred percent (100%). The general revenue monies appropriated are hereby | |
4 | specifically dedicated to meeting the costs of development, renovation of, and acquisition of state- | |
5 | owned recreation areas and for regular maintenance, repair and operation of state owned recreation | |
6 | areas. Purchases of vehicles and equipment and repairs to facilities shall not exceed four hundred | |
7 | thousand dollars ($400,000) annually. Notwithstanding the provisions of § 37-1-1 or any other | |
8 | provision of the general laws, the director of the department of environmental management is | |
9 | hereby authorized to accept any grant, devise, bequest, donation, gift, or assignment of money, | |
10 | bonds, or other valuable securities for deposit in the same manner as provided above for user and | |
11 | concession fees retained by the state. | |
12 | (g) No fee shall be charged to any school or other nonprofit organization provided that a | |
13 | representative of the school or other organization gives written notice of the date and time of their | |
14 | arrival to the facility. | |
15 | SECTION 6. Sections 44-19-1 and 44-19-2 of the General Laws in Chapter 44-19 entitled | |
16 | “Sales and Use Taxes – Enforcement and Collection” are hereby amended to read as follows: | |
17 | 44-19-1. Annual permit required – Retail business subject to sales tax – Promotion of | |
18 | shows – Revocation of show permit. | |
19 | (a)(1) Every person desiring to engage in or conduct within this state a business of making | |
20 | sales at retail, or engage in a business of renting living quarters in any hotel, rooming house, or | |
21 | tourist camp, the gross receipts from which sales or rental charges are required to be included in | |
22 | the measure of the tax imposed under chapter 18 of this title, shall file with the tax administrator | |
23 | an application for a permit for each place of business. The application shall be in a form, include | |
24 | information, and bear any signatures that the tax administrator may require. At the time of making | |
25 | an application, the applicant shall pay to the tax administrator a permit fee of ten dollars ($10.00) | |
26 | for each permit. There shall be no fee for this permit. Every permit issued under this chapter expires | |
27 | on June 30 of each year at the times prescribed by the tax administrator. | |
28 | (2) Every permit holder shall annually, on or before February 1 on forms prescribed and at | |
29 | the times prescribed by the tax administrator of each year, renew its permit by filing an application | |
30 | for renewal along with a ten dollars ($10.00) renewal fee. The renewal permit is valid for the period | |
31 | July 1 of that calendar year through June 30 of the subsequent calendar year unless otherwise | |
32 | canceled, suspended or revoked. All fees received under this section are allocated to the tax | |
33 | administrator for enforcement and collection of all taxes. | |
34 | (b)(1) Every promoter of a show shall, at least ten (10) days prior to the opening of each | |
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1 | show, file with the tax administrator a notice stating the location and dates of the show, in a form | |
2 | prescribed by the tax administrator. | |
3 | (2) The tax administrator shall, within five (5) days after the receipt of that notice, issue to | |
4 | the promoter, without charge, a permit to operate the show, unless the provisions of subdivision (5) | |
5 | of this subsection have been applied to the promoter. No promoter may operate a show without | |
6 | obtaining the permit. The permit shall be prominently displayed at the main entrance of the show. | |
7 | (3) Any promoter who is a retailer shall comply with all of the provisions of this chapter | |
8 | and chapter 18 relating to retailers, in addition to all of the provisions of this chapter relating to | |
9 | promoters. | |
10 | (4) A promoter may not permit any person to display or sell tangible personal property, | |
11 | services, or food and drink at a show unless that person is registered under subsection (a) of this | |
12 | section and displays his or her permit in accordance with the provisions of subsection (a) of this | |
13 | section. | |
14 | (5) Any promoter who permits any person to display or sell tangible personal property, | |
15 | services, or food and drink at a show who is not registered, or does not display a permit, or fails to | |
16 | keep a record or file a monthly report of the name, address and permit number of every person | |
17 | whom the promoter permitted to sell or display tangible personal property, services, or food and | |
18 | drink at a show, is subject to revocation of all existing permits issued pursuant to this section to | |
19 | operate a show, and to the denial of a permit to operate any show for a period of not more than two | |
20 | (2) years, in addition to the provisions of § 44-19-31. | |
21 | 44-19-2. Issuance of permit – Assignment prohibited – Display – Fee for renewal after | |
22 | suspension or revocation. | |
23 | Upon receipt of the required application and permit fee, the tax administrator shall issue to | |
24 | the applicant a separate permit for each place of business within the state. If the applicant, at the | |
25 | time of making the application, owes any tax, penalty, or interest imposed under chapters 18 and | |
26 | 19 of this title, then before a permit is issued the applicant shall pay the amount owed. A permit is | |
27 | not assignable and is valid only for the person in whose name it is issued and for the transaction of | |
28 | business at the place designated in the permit. The permit shall at all times be conspicuously | |
29 | displayed at the place for which issued. A retailer whose permit has been previously suspended or | |
30 | revoked shall pay to the tax administrator a fee of ten dollars ($10.00) for the renewal or issuance | |
31 | of a permit. | |
32 | SECTION 7. Sections 46-23-7.1, 46-23-7.3 and 46-23-7.4 of the General Laws in Chapter | |
33 | 46-23 of entitled “Coastal Resources Management Council” are hereby amended to read as follows: | |
34 | 46-23-7.1. Administrative penalties. | |
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| |
1 | Any person who violates, or refuses or fails to obey, any notice or order issued pursuant to | |
2 | § 46-23-7(a); or any assent, order, or decision of the council, may be assessed an administrative | |
3 | penalty by the chairperson or executive director in accordance with the following: | |
4 | (1) The chairperson or executive director is authorized to assess an administrative penalty | |
5 | of not more than two thousand five hundred dollars ($2,500) ten thousand dollars ($10,000) for | |
6 | each violation of this section, and is authorized to assess additional penalties of not more than five | |
7 | hundred dollars ($500) one thousand ($1,000) for each day during which this violation continues | |
8 | after receipt of a cease and desist order from the council pursuant to § 46-23-7(a), but in no event | |
9 | shall the penalties in an aggregate equal or exceed ten thousand dollars ($10,000) fifty thousand | |
10 | dollars ($50,000). Prior to the assessment of a penalty under this subdivision, the property owner | |
11 | or person committing the violation shall be notified by certified mail or personal service that a | |
12 | penalty is being assessed. The notice shall include a reference to the section of the law, rule, | |
13 | regulation, assent, order, or permit condition violated; a concise statement of the facts alleged to | |
14 | constitute the violation; a statement of the amount of the administrative penalty assessed; and a | |
15 | statement of the party's right to an administrative hearing. | |
16 | (2) The party shall have twenty-one (21) days from receipt of the notice within which to | |
17 | deliver to the council a written request for a hearing. This request shall specify in detail the | |
18 | statements contested by the party. The executive director shall designate a person to act as hearing | |
19 | officer. If no hearing is requested, then after the expiration of the twenty-one (21) day period, the | |
20 | council shall issue a final order assessing the penalty specified in the notice. The penalty is due | |
21 | when the final order is issued. If the party shall request a hearing, any additional daily penalty shall | |
22 | not commence to accrue until the council issues a final order. | |
23 | (3) If a violation is found to have occurred, the council may issue a final order assessing | |
24 | not more than the amount of the penalty specified in the notice. The penalty is due when the final | |
25 | order is issued. | |
26 | (4) The party may within thirty (30) days appeal the final order, of fine assessed by the | |
27 | council to the superior court which shall hear the assessment of the fine de novo. | |
28 | 46-23-7.3. Criminal penalties. | |
29 | Any person who knowingly violates any provision of this chapter, the coastal resources | |
30 | management program, or any rule, regulation, assent, or order shall be guilty of a misdemeanor, | |
31 | and, upon conviction thereof shall be fined not more than five hundred dollars ($500) one thousand | |
32 | dollars ($1,000) or by imprisonment of not more than three (3) months or both; and each day the | |
33 | violation is continued or repeated shall be deemed a separate offense. | |
34 | 46-23-7.4. Penalty for blocking or posting of rights-of-way. | |
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| |
1 | Any person who shall post or block any tidal water, public right-of-way, as designated by | |
2 | the council, shall be punished by a fine not exceeding five hundred dollars ($500) one thousand | |
3 | dollars ($1,000) or by imprisonment for not more than three (3) months or both; and each day the | |
4 | posting or blocking continues or is repeated shall be deemed a separate offense. The chairperson | |
5 | of the council, through council's legal counsel or the attorney general, may apply to any court of | |
6 | competent jurisdiction for an injunction to prevent the unlawful posting or blocking of any tidal | |
7 | water, public right-of-way. | |
8 | SECTION 8. Section 42-61.2-5 of the General Laws in Chapter 42-61.2 entitled "Video- | |
9 | Lottery Games, Table Games and Sports Wagering" is hereby amended to read as follows: | |
10 | 42-61.2-5. Allocation of sports-wagering and online sports-wagering revenue. | |
11 | (a) Notwithstanding the provisions of § 42-61-15, the division of lottery is authorized to | |
12 | enter into an agreement to allocate sports-wagering revenue derived from sports wagering and | |
13 | online sports wagering at the hosting facilities between the state, the state's authorized sports- | |
14 | wagering vendor, and the host facilities. The allocation of sports-wagering revenue and online | |
15 | sports-wagering revenue shall be: | |
16 | (1) To the state, fifty-one percent (51%) of sports-wagering revenue and online sports- | |
17 | wagering revenue; | |
18 | (2) To the state's authorized sports-wagering vendor, thirty-two percent (32%) of sports- | |
19 | wagering revenue and online sports-wagering revenue; and | |
20 | (3) To the host facilities, seventeen percent (17%) of sports-wagering revenue and online | |
21 | sports-wagering revenue. | |
22 | (b) Sports-wagering revenue and online sports-wagering revenue allocated to the state shall | |
23 | be deposited into the state lottery fund for administrative purposes and then the balance remaining | |
24 | into the general fund. | |
25 | (c) The town of Lincoln shall be paid an annual flat fee of one hundred thousand dollars | |
26 | ($100,000) two hundred thousand dollars ($200,000) and the town of Tiverton shall be paid an | |
27 | annual flat fee of one hundred thousand dollars ($100,000) two hundred thousand dollars | |
28 | ($200,000) in compensation for serving as the host communities for sports wagering. | |
29 | SECTION 9. Section 42-61.2-7 of the General Laws in Chapter 42-61.2 entitled “Video- | |
30 | Lottery Games, Table Games and Sports Wagering” is hereby amended to read as follows: | |
31 | 42-61.2-7. Division of revenue. | |
32 | (a) Notwithstanding the provisions of Section 42-61-15, the allocation of net terminal | |
33 | income derived from video lottery games is as follows: | |
34 | (1) For deposit in the general fund and to the Division fund for administrative purposes: | |
|
| |
1 | Net, terminal income not otherwise disbursed in accordance with subdivisions (a)(2) -- (a)(6) | |
2 | inclusive, or otherwise disbursed in accordance with subsections (g)(2) and (h)(2); | |
3 | (i) Except for the fiscal year ending June 30, 2008, nineteen one hundredths of one percent | |
4 | (0.19%), up to a maximum of twenty million dollars ($20,000,000), shall be equally allocated to | |
5 | the distressed communities (as defined in Section 45-13-12) provided that no eligible community | |
6 | shall receive more than twenty-five percent (25%) of that community's currently enacted municipal | |
7 | budget as its share under this specific subsection. Distributions made under this specific subsection | |
8 | are supplemental to all other distributions made under any portion of General Laws Section 45-13- | |
9 | 12. For the fiscal year ending June 30, 2008, distributions by community shall be identical to the | |
10 | distributions made in the fiscal year ending June 30, 2007, and shall be made from general | |
11 | appropriations. For the fiscal year ending June 30, 2009, the total state distribution shall be the | |
12 | same total amount distributed in the fiscal year ending June 30, 2008, and shall be made from | |
13 | general appropriations. For the fiscal year ending June 30, 2010, the total state distribution shall be | |
14 | the same total amount distributed in the fiscal year ending June 30, 2009, and shall be made from | |
15 | general appropriations, provided, however, that seven hundred eighty-four thousand four hundred | |
16 | fifty-eight dollars ($784,458) of the total appropriation shall be distributed equally to each | |
17 | qualifying distressed community. For each of the fiscal years ending June 30, 2011, June 30, 2012, | |
18 | and June 30, 2013, seven hundred eighty-four thousand four hundred fifty-eight dollars ($784,458) | |
19 | of the total appropriation shall be distributed equally to each qualifying distressed community. | |
20 | (ii) Five one hundredths of one percent (0.05%), up to a maximum of five million dollars | |
21 | ($5,000,000), shall be appropriated to property tax relief to fully fund the provisions of Section 44- | |
22 | 33-2.1 [repealed]. The maximum credit defined in subdivision 44-33-9(2) shall increase to the | |
23 | maximum amount to the nearest five dollar ($5.00) increment within the allocation until a | |
24 | maximum credit of five hundred dollars ($500) is obtained. In no event shall the exemption in any | |
25 | fiscal year be less than the prior fiscal year. | |
26 | (iii) One and twenty-two one hundredths of one percent (1.22%) to fund Section 44-34.1- | |
27 | 1, entitled "Motor Vehicle and Trailer Excise Tax Elimination Act of 1998", to the maximum | |
28 | amount to the nearest two hundred fifty dollar ($250) increment within the allocation. In no event | |
29 | shall the exemption in any fiscal year be less than the prior fiscal year. | |
30 | (iv) Except for the fiscal year ending June 30, 2008, ten one hundredths of one percent | |
31 | (0.10%), to a maximum of ten million dollars ($10,000,000), for supplemental distribution to | |
32 | communities not included in subsection (a)(1)(i) distributed proportionately on the basis of general | |
33 | revenue sharing distributed for that fiscal year. For the fiscal year ending June 30, 2008, | |
34 | distributions by community shall be identical to the distributions made in the fiscal year ending | |
|
| |
1 | June 30, 2007, and shall be made from general appropriations. For the fiscal year ending June 30, | |
2 | 2009, no funding shall be disbursed. For the fiscal year ending June 30, 2010, and thereafter, | |
3 | funding shall be determined by appropriation. | |
4 | (2) To the licensed, video lottery retailer: | |
5 | (a)(i) Prior to the effective date of the Newport Grand Master Contract, Newport Grand | |
6 | twenty-six percent (26%), minus three hundred eighty-four thousand nine hundred ninety-six | |
7 | dollars ($384,996); | |
8 | (ii) On and after the effective date of the Newport Grand Master Contract, to the licensed, | |
9 | video lottery retailer who is a party to the Newport Grand Master Contract, all sums due and payable | |
10 | under said Master Contract, minus three hundred eighty-four thousand nine hundred ninety-six | |
11 | dollars ($384,996). | |
12 | (iii) Effective July 1, 2013, the rate of net terminal income payable to the licensed, video | |
13 | lottery retailer who is a party to the Newport Grand Master Contract shall increase by two and one | |
14 | quarter percent (2.25%) points. The increase herein shall sunset and expire on June 30, 2015, and | |
15 | the rate in effect as of June 30, 2013, shall be reinstated. | |
16 | (iv)(A) Effective July 1, 2015, the rate of net terminal income payable to the licensed video | |
17 | lottery retailer who is a party to the Newport Grand Master Contract shall increase over the rate in | |
18 | effect as of June 30, 2013, by one and nine-tenths (1.9) percentage points. (i.e., x% plus 1.9 | |
19 | percentage points equals (x + 1.9)%, where "x%" is the current rate of net terminal income payable | |
20 | to the licensed, video lottery retailer who is a party to the Newport Grand Master Contract). The | |
21 | dollar amount of additional net terminal income paid to the licensed video lottery retailer who is a | |
22 | party to the Newport Grand Master Contract with respect to any Newport Grand Marketing Year | |
23 | as a result of such increase in rate shall be referred to as "Additional Newport Grand Marketing | |
24 | NTI." | |
25 | (B) The excess, if any, of marketing expenditures incurred by the licensed, video lottery | |
26 | retailer who is a party to the Newport Grand Master Contract with respect to a Newport Grand | |
27 | Marketing Year over one million four hundred thousand dollars ($1,400,000) shall be referred to | |
28 | as the "Newport Grand Marketing Incremental Spend." Beginning with the Newport Grand | |
29 | Marketing Year that starts on July 1, 2015, after the end of each Newport Grand Marketing Year, | |
30 | the licensed, video lottery retailer who is a party to the Newport Grand Master Contract shall pay | |
31 | to the Division the amount, if any, by which the Additional Newport Grand Marketing NTI for such | |
32 | Newport Grand Marketing Year exceeds the Newport Grand Marketing Incremental Spend for such | |
33 | Newport Grand Marketing Year; provided however, that such video lottery retailer's liability to the | |
34 | Division hereunder with respect to any Newport Grand Marketing Year shall never exceed the | |
|
| |
1 | Additional Newport Grand Marketing NTI paid to such video lottery retailer with respect to such | |
2 | Newport Grand Marketing Year. | |
3 | The increase in subsection 2(a)(iv) shall sunset and expire upon the commencement of the | |
4 | operation of casino gaming at Twin River-Tiverton's facility located in the town of Tiverton, and | |
5 | the rate in effect as of June 30, 2013, shall be reinstated. | |
6 | (b)(i) Prior to the effective date of the UTGR master contract, to the present, licensed, video | |
7 | lottery retailer at Lincoln Park, which is not a party to the UTGR master contract, twenty-eight and | |
8 | eighty-five one hundredths percent (28.85%), minus seven hundred sixty-seven thousand six | |
9 | hundred eighty-seven dollars ($767,687); | |
10 | (ii) On and after the effective date of the UTGR master contract, to the licensed, video | |
11 | lottery retailer that is a party to the UTGR master contract, all sums due and payable under said | |
12 | master contract minus seven hundred sixty-seven thousand six hundred eighty-seven dollars | |
13 | ($767,687). | |
14 | (3) Except for the period commencing on January 1, 2023 and expiring on June 30, 2043, | |
15 | (i) To the technology providers that are not a party to the GTECH Master Contract as set forth and | |
16 | referenced in P.L. 2003, ch. 32, seven percent (7%) of the net terminal income of the provider's | |
17 | terminals; in addition thereto, technology providers that provide premium or licensed proprietary | |
18 | content or those games that have unique characteristics, such as 3D graphics; unique math/game | |
19 | play features; or merchandising elements to video lottery terminals may receive incremental | |
20 | compensation, either in the form of a daily fee or as an increased percentage, if all of the following | |
21 | criteria are met: | |
22 | (A) A licensed, video lottery retailer has requested the placement of premium or licensed | |
23 | proprietary content at its licensed, video lottery facility; | |
24 | (B) The division of lottery has determined in its sole discretion that the request is likely to | |
25 | increase net terminal income or is otherwise important to preserve or enhance the competitiveness | |
26 | of the licensed, video lottery retailer; | |
27 | (C) After approval of the request by the division of lottery, the total number of premium or | |
28 | licensed, proprietary-content video lottery terminals does not exceed ten percent (10%) of the total | |
29 | number of video lottery terminals authorized at the respective licensed, video lottery retailer; and | |
30 | (D) All incremental costs are shared between the division and the respective licensed, video | |
31 | lottery retailer based upon their proportionate allocation of net terminal income. The division of | |
32 | lottery is hereby authorized to amend agreements with the licensed, video lottery retailers, or the | |
33 | technology providers, as applicable, to effect the intent herein. | |
34 | (ii) To contractors that are a party to the master contract as set forth and referenced in P.L. | |
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| |
1 | 2003, ch. 32, all sums due and payable under said master contract; and | |
2 | (iii) Notwithstanding paragraphs (i) and (ii), there shall be subtracted proportionately from | |
3 | the payments to technology providers the sum of six hundred twenty-eight thousand seven hundred | |
4 | thirty-seven dollars ($628,737) which shall be distributed pursuant to Section 42-61.2-7(b)(3)(iii). | |
5 | With respect to the period commencing on January 1, 2023 and expiring on June 30, 2043, | |
6 | (i) To the exclusive technology provider, all sums due and payable under the VLT | |
7 | Agreement; | |
8 | (ii) Notwithstanding paragraph (i), there shall be subtracted from the payments to the | |
9 | exclusive technology provider the sum of six hundred twenty-eight thousand seven hundred thirty- | |
10 | seven dollars ($628,737) which shall be distributed pursuant to Section 42-61.2-7(b)(3)(iii); and | |
11 | (iii) To IGT, all sums due and payable under the Video Lottery Agreement. | |
12 | (4)(A) Until video lottery games are no longer operated at the Newport Grand gaming | |
13 | facility located in Newport, to the city of Newport one and one hundredth percent (1.01%) of net | |
14 | terminal income of authorized Video Lottery Terminals at Newport Grand, except that effective | |
15 | November 9, 2009, until June 30, 2013, the allocation shall be one and two tenths percent (1.2%) | |
16 | of net terminal income of authorized Video Lottery Terminals at Newport Grand for each week the | |
17 | facility operates video lottery games on a twenty-four-hour (24) basis for all eligible hours | |
18 | authorized; and | |
19 | (B) Upon commencement of the operation of video lottery games at the Tiverton gaming | |
20 | facility, to the town of Tiverton one and forty-five hundredths percent (1.45%) of net terminal | |
21 | income of authorized Video Lottery Terminals at the Tiverton gaming facility, subject to subsection | |
22 | (g)(2); and | |
23 | (C) To the town of Lincoln, one and twenty-six hundredths percent (1.26%) of net terminal | |
24 | income of authorized Video Lottery Terminals at the Lincoln gaming facility except that: | |
25 | (i) Effective November 9, 2009, until June 30, 2013, the allocation shall be one and forty- | |
26 | five hundredths percent (1.45%) of net terminal income of authorized Video Lottery Terminals at | |
27 | the Lincoln gaming facility for each week video lottery games are offered on a twenty-four-hour | |
28 | (24) basis for all eligible hours authorized; and | |
29 | (ii) Effective July 1, 2013, provided that the referendum measure authorized by P.L. 2011, | |
30 | ch. 151, article 25 as amended, section 4, is approved statewide and in the Town of Lincoln, the | |
31 | allocation shall be one and forty-five hundredths percent (1.45%) of net terminal income of | |
32 | authorized Video Lottery Terminals at the Lincoln gaming facility, subject to subsection (h)(2); | |
33 | and | |
34 | (5) To the Narragansett Indian Tribe, seventeen hundredths of one percent (0.17%) of net | |
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| |
1 | terminal income of authorized Video Lottery Terminals at the Lincoln gaming facility , up to a | |
2 | maximum of ten million dollars ($10,000,000) per year, that shall be paid to the Narragansett Indian | |
3 | Tribe for the account of a Tribal Development Fund to be used for the purpose of encouraging and | |
4 | promoting: home ownership and improvement; elderly housing; adult vocational training; health | |
5 | and social services; childcare; natural resource protection; and economic development consistent | |
6 | with state law. Provided, however, such distribution shall terminate upon the opening of any | |
7 | gaming facility in which the Narragansett Indians are entitled to any payments or other incentives; | |
8 | and provided, further, any monies distributed hereunder shall not be used for, or spent on, | |
9 | previously contracted debts; and | |
10 | (6) Unclaimed prizes and credits shall remit to the general fund of the state; and | |
11 | (7) Payments into the state's general fund specified in subsections (a)(1) and (a)(6) shall be | |
12 | made on an estimated monthly basis. Payment shall be made on the tenth day following the close | |
13 | of the month except for the last month when payment shall be on the last business day. | |
14 | (b) Notwithstanding the above, the amounts payable by the Division to UTGR related to | |
15 | the marketing program described in the UTGR master contract (as such may be amended from time | |
16 | to time) shall be paid on a frequency agreed by the Division, but no less frequently than annually. | |
17 | (c) Notwithstanding anything in this chapter 61.2 of this title to the contrary, the director | |
18 | is authorized to fund the marketing program as described in the UTGR master contract. | |
19 | (d) Notwithstanding the above, the amounts payable by the Division to the licensed, video | |
20 | lottery retailer who is a party to the Newport Grand Master Contract related to the marketing | |
21 | program described in the Newport Grand Master Contract (as such may be amended from time to | |
22 | time) shall be paid on a frequency agreed by the Division, but no less frequently than annually. | |
23 | (e) Notwithstanding anything in this chapter 61.2 of this title to the contrary, the director | |
24 | is authorized to fund the marketing program as described in the Newport Grand Master Contract. | |
25 | (f) Notwithstanding the provisions of Section 42-61-15, but subject to Section 42-61.2- | |
26 | 7(h), the allocation of net table-game revenue derived from table games at the Lincoln gaming | |
27 | facility is as follows: | |
28 | (1) For deposit into the state lottery fund for administrative purposes and then the balance | |
29 | remaining into the general fund: | |
30 | (i) Sixteen percent (16%) of net table-game revenue, except as provided in Section 42- | |
31 | 61.2-7(f)(1)(ii); | |
32 | (ii) An additional two percent (2%) of net table-game revenue generated at the Lincoln | |
33 | gaming facility shall be allocated starting from the commencement of table games activities by | |
34 | such table-game retailer and ending, with respect to such table-game retailer, on the first date that | |
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| |
1 | such table-game retailer's net terminal income for a full state fiscal year is less than such table- | |
2 | game retailer's net terminal income for the prior state fiscal year, at which point this additional | |
3 | allocation to the state shall no longer apply to such table-game retailer. | |
4 | (2) To UTGR, net table-game revenue not otherwise disbursed pursuant to subsection | |
5 | (f)(1); provided, however, on the first date that such table-game retailer's net terminal income for a | |
6 | full state fiscal year is less than such table-game retailer's net terminal income for the prior state | |
7 | fiscal year, as set forth in subsection (f)(1)(ii), one percent (1%) of this net table-game revenue | |
8 | shall be allocated to the town of Lincoln for four (4), consecutive state fiscal years. | |
9 | (g) Notwithstanding the provisions of Section 42-61-15, the allocation of net table-game | |
10 | revenue derived from table games at the Tiverton gaming facility is as follows: | |
11 | (1) Subject to subsection (g)(2) of this section, one percent (1%) of net table-game revenue | |
12 | shall be allocated to the town of Tiverton; | |
13 | (2) Fifteen and one-half percent (15.5%) of net table-game revenue shall be allocated to | |
14 | the state first for deposit into the state lottery fund for administrative purposes and then the balance | |
15 | remaining into the general fund; provided however, that beginning with the first state fiscal year | |
16 | that the Tiverton gaming facility offers patrons video lottery games and table games for all of such | |
17 | state fiscal year, for that initial state fiscal year and each subsequent state fiscal year that such | |
18 | Tiverton gaming facility offers patrons video lottery games and table games for all of such state | |
19 | fiscal year, if the town of Tiverton has not received an aggregate of three million dollars | |
20 | ($3,000,000) in the state fiscal year from net table-game revenues and net terminal income, | |
21 | combined, generated by the Tiverton gaming facility ("Tiverton Minimum"), then the state shall | |
22 | make up such shortfall to the town of Tiverton out of the state's percentage of net table-game | |
23 | revenue set forth in this subsection (g)(2) and net terminal income set forth in subsections (a)(1) | |
24 | and (a)(6), so long as that there has not been a closure of the Tiverton gaming facility for more than | |
25 | thirty (30) consecutive days during such state fiscal year, and, if there has been such a closure, then | |
26 | the Tiverton Minimum, if applicable, shall be prorated per day of such closure and any closure(s) | |
27 | thereafter for that state fiscal year; notwithstanding the foregoing, with respect to fiscal year 2021, | |
28 | because of the closure of the Tiverton gaming facility due to the COVID-19 pandemic, the town of | |
29 | Tiverton shall receive no less than a total of three million dollars ($3,000,000) as an aggregate | |
30 | payment for net, table-game revenues, net terminal income, and the shortfall from the state, | |
31 | combined; provided further however, if in any state fiscal year either video lottery games or table | |
32 | games are no longer offered at in the Tiverton gaming facility, then the state shall not be obligated | |
33 | to make up the shortfall referenced in this subsection (g)(2); and | |
34 | (3) Net, table-game revenue not otherwise disbursed pursuant to subsections (g)(1) and | |
|
| |
1 | (g)(2) of this section shall be allocated to Twin River-Tiverton. | |
2 | (h) Notwithstanding the foregoing Section 42-61.2-7(f) and superseding that section | |
3 | effective upon the first date that the Tiverton gaming facility offers patrons video lottery games and | |
4 | table games, the allocation of net table-game revenue derived from table games at the Lincoln | |
5 | gaming facility shall be as follows: | |
6 | (1) Subject to subsection (h)(2), one percent (1%) of net table-game revenue shall be | |
7 | allocated to the town of Lincoln; | |
8 | (2) Fifteen and one-half percent (15.5%) of net table-game revenue shall be allocated to | |
9 | the state first for deposit into the state lottery fund for administrative purposes and then the balance | |
10 | remaining into the general fund; provided however, that beginning with the first state fiscal year | |
11 | that the Tiverton gaming facility offers patrons video lottery games and table games for all of such | |
12 | state fiscal year, for that state fiscal year and each subsequent state fiscal year that the Tiverton | |
13 | gaming facility offers patrons video lottery games and table games for all of such state fiscal year, | |
14 | if the town of Lincoln has not received an aggregate of three million dollars ($3,000,000) in the | |
15 | state fiscal year from net table-game revenues and net terminal income, combined, generated by | |
16 | the Lincoln gaming facility ("Lincoln Minimum"), then the state shall make up such shortfall to the | |
17 | town of Lincoln out of the state's percentage of net table-game revenue set forth in this subsection | |
18 | (h)(2) and net terminal income set forth in subsections (a)(1) and (a)(6), so long as that there has | |
19 | not been a closure of the Tiverton gaming facility for more than thirty (30) consecutive days during | |
20 | such state fiscal year, and, if there has been such a closure, then the Lincoln Minimum, if applicable, | |
21 | shall be prorated per day of such closure and any closure(s) thereafter for that state fiscal year; | |
22 | provided further however, if in any state fiscal year either video lottery games or table games are | |
23 | no longer offered at the Tiverton gaming facility, then the state shall not be obligated to make up | |
24 | the shortfall referenced in this subsection (h)(2); and | |
25 | (3) Net, table-game revenue not otherwise disbursed pursuant to subsections (h)(1) and | |
26 | (h)(2) shall be allocated to UTGR. | |
27 | SECTION 10. Section 44-1-7 of the General Laws in Chapter 44-1 entitled "State Tax | |
28 | Officials" is hereby amended to read as follows: | |
29 | 44-1-7. Interest on delinquent payments. | |
30 | (a) Whenever the full amount of any state tax or any portion or deficiency, as finally | |
31 | determined by the tax administrator, has not been paid on the date when it is due and payable, | |
32 | whether the time has been extended or not, there shall be added as part of the tax or portion or | |
33 | deficiency interest at the rate as determined in accordance with subsection (b) of this section, | |
34 | notwithstanding any general or specific statute to the contrary. | |
|
| |
1 | (b) Each January 1 the tax administrator shall compute the rate of interest to be in effect | |
2 | for that calendar year by adding two percent (2%) to the prime rate, which was in effect on October | |
3 | 1 of the preceding year. In no event shall the rate of interest exceed twenty-one percent (21%) per | |
4 | annum nor be less than eighteen percent (18%) per annum. | |
5 | (c) "Prime rate" as used in subsection (b) of this section means the predominant prime rate | |
6 | quoted by commercial banks to large businesses as determined by the board of governors of the | |
7 | Federal Reserve System. | |
8 | (d) Notwithstanding any provisions of the general laws to the contrary, the tax | |
9 | administrator shall waive interest and penalty on the taxable portion of each Paycheck Protection | |
10 | Program loan taxed pursuant to § 44-11-11(a)(1)(iv), § 44-14-11, and § 44-30-12(b)(8) of the | |
11 | general laws and forgiven during tax year 2020 provided that the tax on that portion is paid in full | |
12 | on or before March 31, 2022. The tax administrator shall make available suitable forms with | |
13 | instructions for making tax payments on the taxable portion of such forgiven Paycheck Protection | |
14 | Program loans. | |
15 | SECTION 11. Section 44-11-11 of the General Laws in Chapter 44-11 entitled “'Net | |
16 | income’ defined” is hereby amended to read as follows: | |
17 | 44-11-11. “Net income” defined. | |
18 | (a)(1) "Net income" means, for any taxable year and for any corporate taxpayer, the taxable | |
19 | income of the taxpayer for that taxable year under the laws of the United States, plus: | |
20 | (i) Any interest not included in the taxable income; | |
21 | (ii) Any specific exemptions; | |
22 | (iii) The tax imposed by this chapter; and minus: | |
23 | (iv) For any taxable year beginning on or after January 1, 2020, the amount of any Paycheck | |
24 | Protection Program loan forgiven for federal income tax purposes as authorized by the Coronavirus | |
25 | Aid, Relief, and Economic Security Act and/or the Consolidated Appropriations Act, 2021 and/or | |
26 | any other subsequent federal stimulus relief packages enacted by law, to the extent that the amount | |
27 | of the loan forgiven exceeds $250,000; and minus: | |
28 | (iv)(v) Interest on obligations of the United States or its possessions, and other interest | |
29 | exempt from taxation by this state; and | |
30 | (v)(vi) The federal net operating loss deduction. | |
31 | (2) All binding federal elections made by or on behalf of the taxpayer applicable either | |
32 | directly or indirectly to the determination of taxable income shall be binding on the taxpayer except | |
33 | where this chapter or its attendant regulations specifically modify or provide otherwise. Rhode | |
34 | Island taxable income shall not include the "gross-up of dividends" required by the federal Internal | |
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1 | Revenue Code to be taken into taxable income in connection with the taxpayer's election of the | |
2 | foreign tax credit. | |
3 | (b) A net operating loss deduction shall be allowed, which shall be the same as the net | |
4 | operating loss deduction allowed under 26 U.S.C. § 172, except that: | |
5 | (1) Any net operating loss included in determining the deduction shall be adjusted to reflect | |
6 | the inclusions and exclusions from entire net income required by subsection (a) of this section and | |
7 | § 44-11-11.1; | |
8 | (2) The deduction shall not include any net operating loss sustained during any taxable year | |
9 | in which the taxpayer was not subject to the tax imposed by this chapter; and | |
10 | (3) The deduction shall not exceed the deduction for the taxable year allowable under 26 | |
11 | U.S.C. § 172; provided, that the deduction for a taxable year may not be carried back to any other | |
12 | taxable year for Rhode Island purposes but shall only be allowable on a carry forward basis for the | |
13 | five (5) succeeding taxable years. | |
14 | (c) "Domestic international sales corporations" (referred to as DISCs), for the purposes of | |
15 | this chapter, will be treated as they are under federal income tax law and shall not pay the amount | |
16 | of the tax computed under § 44-11-2(a). Any income to shareholders of DISCs is to be treated in | |
17 | the same manner as it is treated under federal income tax law as it exists on December 31, 1984. | |
18 | (d) A corporation that qualifies as a "foreign sales corporation" (FSC) under the provisions | |
19 | of subchapter N, 26 U.S.C. § 861 et seq., and that has in effect for the entire taxable year a valid | |
20 | election under federal law to be treated as a FSC, shall not pay the amount of the tax computed | |
21 | under § 44-11-2(a). Any income to shareholders of FSCs is to be treated in the same manner as it | |
22 | is treated under federal income tax law as it exists on January 1, 1985. | |
23 | (e) For purposes of a corporation's state tax liability, any deduction to income allowable | |
24 | under 26 U.S.C. § 1400Z-2(c) may be claimed in the case of any investment held by the taxpayer | |
25 | for at least seven years. The division of taxation shall promulgate, in its discretion, rules and | |
26 | regulations relative to the accelerated application of deductions under 26 U.S.C. § 1400Z-2(c). | |
27 | SECTION 12. Section 44-14-11 of the General Laws in Chapter 44-14 entitled "'Gross | |
28 | income’ defined" is hereby amended to read as follows: | |
29 | 44-14-11. “Gross income” defined. | |
30 | "Gross income" includes all gains, profits, and income of the taxpayer from whatever | |
31 | sources derived during the income period; provided, that gains from the sale or other disposition of | |
32 | any property other than securities shall not be included in gross income, and losses from the sale | |
33 | or other disposition of any property other than securities shall not be deducted from gross income. | |
34 | For taxable year beginning on or after January 1, 2020, gross income includes the amount of any | |
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1 | Paycheck Protection Program loan forgiven for federal income tax purposes as authorized by the | |
2 | Coronavirus Aid, Relief, and Economic Security Act and/or the Consolidated Appropriations Act, | |
3 | 2021 and/or any other subsequent federal stimulus relief packages enacted by law, to the extent that | |
4 | the amount of loan forgiven exceeds $250,000. | |
5 | SECTION 13. Section 44-30-12 of the General Laws in Chapter 44-30 entitled "Rhode | |
6 | Island income of a resident individual" is hereby amended to read as follows: | |
7 | 44-30-12. Rhode Island income of a resident individual. | |
8 | (a) General. The Rhode Island income of a resident individual means his or her adjusted | |
9 | gross income for federal income tax purposes, with the modifications specified in this section. | |
10 | (b) Modifications increasing federal adjusted gross income. There shall be added to federal | |
11 | adjusted gross income: | |
12 | (1) Interest income on obligations of any state, or its political subdivisions, other than | |
13 | Rhode Island or its political subdivisions; | |
14 | (2) Interest or dividend income on obligations or securities of any authority, commission, | |
15 | or instrumentality of the United States, but not of Rhode Island or its political subdivisions, to the | |
16 | extent exempted by the laws of the United States from federal income tax but not from state income | |
17 | taxes; | |
18 | (3) The modification described in § 44-30-25(g); | |
19 | (4)(i) The amount defined below of a nonqualified withdrawal made from an account in | |
20 | the tuition savings program pursuant to § 16-57-6.1. For purposes of this section, a nonqualified | |
21 | withdrawal is: | |
22 | (A) A transfer or rollover to a qualified tuition program under Section 529 of the Internal | |
23 | Revenue Code, 26 U.S.C. § 529, other than to the tuition savings program referred to in § 16-57- | |
24 | 6.1; and | |
25 | (B) A withdrawal or distribution that is: | |
26 | (I) Not applied on a timely basis to pay "qualified higher education expenses" as defined | |
27 | in § 16-57-3(12) of the beneficiary of the account from which the withdrawal is made; | |
28 | (II) Not made for a reason referred to in § 16-57-6.1(e); or | |
29 | (III) Not made in other circumstances for which an exclusion from tax made applicable by | |
30 | Section 529 of the Internal Revenue Code, 26 U.S.C. § 529, pertains if the transfer, rollover, | |
31 | withdrawal, or distribution is made within two (2) taxable years following the taxable year for | |
32 | which a contributions modification pursuant to subsection (c)(4) of this section is taken based on | |
33 | contributions to any tuition savings program account by the person who is the participant of the | |
34 | account at the time of the contribution, whether or not the person is the participant of the account | |
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1 | at the time of the transfer, rollover, withdrawal or distribution; | |
2 | (ii) In the event of a nonqualified withdrawal under subsection (b)(4)(i)(A) or (b)(4)(i)(B) | |
3 | of this section, there shall be added to the federal adjusted gross income of that person for the | |
4 | taxable year of the withdrawal an amount equal to the lesser of: | |
5 | (A) The amount equal to the nonqualified withdrawal reduced by the sum of any | |
6 | administrative fee or penalty imposed under the tuition savings program in connection with the | |
7 | nonqualified withdrawal plus the earnings portion thereof, if any, includible in computing the | |
8 | person's federal adjusted gross income for the taxable year; and | |
9 | (B) The amount of the person's contribution modification pursuant to subsection (c)(4) of | |
10 | this section for the person's taxable year of the withdrawal and the two (2) prior taxable years less | |
11 | the amount of any nonqualified withdrawal for the two (2) prior taxable years included in | |
12 | computing the person's Rhode Island income by application of this subsection for those years. Any | |
13 | amount added to federal adjusted gross income pursuant to this subdivision shall constitute Rhode | |
14 | Island income for residents, nonresidents and part-year residents; | |
15 | (5) The modification described in § 44-30-25.1(d)(3)(i); | |
16 | (6) The amount equal to any unemployment compensation received but not included in | |
17 | federal adjusted gross income; and | |
18 | (7) The amount equal to the deduction allowed for sales tax paid for a purchase of a | |
19 | qualified motor vehicle as defined by the Internal Revenue Code § 164(a)(6).; and | |
20 | (8) For any taxable year beginning on or after January 1, 2020, the amount of any Paycheck | |
21 | Protection Program loan forgiven for federal income tax purposes as authorized by the Coronavirus | |
22 | Aid, Relief, and Economic Security Act and/or the Consolidated Appropriations Act, 2021 and/or | |
23 | any other subsequent federal stimulus relief packages enacted by law, to the extent that the amount | |
24 | of the loan forgiven exceeds $250,000, including an individual’s distributive share of the amount | |
25 | of a pass-through entity’s loan forgiveness in excess of $250,000. | |
26 | (c) Modifications reducing federal adjusted gross income. There shall be subtracted from | |
27 | federal adjusted gross income: | |
28 | (1) Any interest income on obligations of the United States and its possessions to the extent | |
29 | includible in gross income for federal income tax purposes, and any interest or dividend income on | |
30 | obligations, or securities of any authority, commission, or instrumentality of the United States to | |
31 | the extent includible in gross income for federal income tax purposes but exempt from state income | |
32 | taxes under the laws of the United States; provided, that the amount to be subtracted shall in any | |
33 | case be reduced by any interest on indebtedness incurred or continued to purchase or carry | |
34 | obligations or securities the income of which is exempt from Rhode Island personal income tax, to | |
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1 | the extent the interest has been deducted in determining federal adjusted gross income or taxable | |
2 | income; | |
3 | (2) A modification described in § 44-30-25(f) or § 44-30-1.1(c)(1); | |
4 | (3) The amount of any withdrawal or distribution from the "tuition savings program" | |
5 | referred to in § 16-57-6.1 that is included in federal adjusted gross income, other than a withdrawal | |
6 | or distribution or portion of a withdrawal or distribution that is a nonqualified withdrawal; | |
7 | (4) Contributions made to an account under the tuition savings program, including the | |
8 | "contributions carryover" pursuant to subsection (c)(4)(iv) of this section, if any, subject to the | |
9 | following limitations, restrictions and qualifications: | |
10 | (i) The aggregate subtraction pursuant to this subdivision for any taxable year of the | |
11 | taxpayer shall not exceed five hundred dollars ($500) or one thousand dollars ($1,000) if a joint | |
12 | return; | |
13 | (ii) The following shall not be considered contributions: | |
14 | (A) Contributions made by any person to an account who is not a participant of the account | |
15 | at the time the contribution is made; | |
16 | (B) Transfers or rollovers to an account from any other tuition savings program account or | |
17 | from any other "qualified tuition program" under section 529 of the Internal Revenue Code, 26 | |
18 | U.S.C. § 529; or | |
19 | (C) A change of the beneficiary of the account; | |
20 | (iii) The subtraction pursuant to this subdivision shall not reduce the taxpayer's federal | |
21 | adjusted gross income to less than zero (0); | |
22 | (iv) The contributions carryover to a taxable year for purpose of this subdivision is the | |
23 | excess, if any, of the total amount of contributions actually made by the taxpayer to the tuition | |
24 | savings program for all preceding taxable years for which this subsection is effective over the sum | |
25 | of: | |
26 | (A) The total of the subtractions under this subdivision allowable to the taxpayer for all | |
27 | such preceding taxable years; and | |
28 | (B) That part of any remaining contribution carryover at the end of the taxable year which | |
29 | exceeds the amount of any nonqualified withdrawals during the year and the prior two (2) taxable | |
30 | years not included in the addition provided for in this subdivision for those years. Any such part | |
31 | shall be disregarded in computing the contributions carryover for any subsequent taxable year; | |
32 | (v) For any taxable year for which a contributions carryover is applicable, the taxpayer | |
33 | shall include a computation of the carryover with the taxpayer's Rhode Island personal income tax | |
34 | return for that year, and if for any taxable year on which the carryover is based the taxpayer filed a | |
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1 | joint Rhode Island personal income tax return but filed a return on a basis other than jointly for a | |
2 | subsequent taxable year, the computation shall reflect how the carryover is being allocated between | |
3 | the prior joint filers; | |
4 | (5) The modification described in § 44-30-25.1(d)(1); | |
5 | (6) Amounts deemed taxable income to the taxpayer due to payment or provision of | |
6 | insurance benefits to a dependent, including a domestic partner pursuant to chapter 12 of title 36 or | |
7 | other coverage plan; | |
8 | (7) Modification for organ transplantation. | |
9 | (i) An individual may subtract up to ten thousand dollars ($10,000) from federal adjusted | |
10 | gross income if he or she, while living, donates one or more of his or her human organs to another | |
11 | human being for human organ transplantation, except that for purposes of this subsection, "human | |
12 | organ" means all or part of a liver, pancreas, kidney, intestine, lung, or bone marrow. A subtract | |
13 | modification that is claimed hereunder may be claimed in the taxable year in which the human | |
14 | organ transplantation occurs. | |
15 | (ii) An individual may claim that subtract modification hereunder only once, and the | |
16 | subtract modification may be claimed for only the following unreimbursed expenses that are | |
17 | incurred by the claimant and related to the claimant's organ donation: | |
18 | (A) Travel expenses. | |
19 | (B) Lodging expenses. | |
20 | (C) Lost wages. | |
21 | (iii) The subtract modification hereunder may not be claimed by a part-time resident or a | |
22 | nonresident of this state; | |
23 | (8) Modification for taxable Social Security income. | |
24 | (i) For tax years beginning on or after January 1, 2016: | |
25 | (A) For a person who has attained the age used for calculating full or unreduced social | |
26 | security retirement benefits who files a return as an unmarried individual, head of household, or | |
27 | married filing separate whose federal adjusted gross income for the taxable year is less than eighty | |
28 | thousand dollars ($80,000); or | |
29 | (B) A married individual filing jointly or individual filing qualifying widow(er) who has | |
30 | attained the age used for calculating full or unreduced social security retirement benefits whose | |
31 | joint federal adjusted gross income for the taxable year is less than one hundred thousand dollars | |
32 | ($100,000), an amount equal to the social security benefits includable in federal adjusted gross | |
33 | income. | |
34 | (ii) Adjustment for inflation. The dollar amount contained in subsections (c)(8)(i)(A) and | |
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1 | (c)(8)(i)(B) of this section shall be increased annually by an amount equal to: | |
2 | (A) Such dollar amount contained in subsections (c)(8)(i)(A) and (c)(8)(i)(B) of this section | |
3 | adjusted for inflation using a base tax year of 2000, multiplied by; | |
4 | (B) The cost-of-living adjustment with a base year of 2000. | |
5 | (iii) For the purposes of this section the cost-of-living adjustment for any calendar year is | |
6 | the percentage (if any) by which the consumer price index for the preceding calendar year exceeds | |
7 | the consumer price index for the base year. The consumer price index for any calendar year is the | |
8 | average of the consumer price index as of the close of the twelve-month (12) period ending on | |
9 | August 31, of such calendar year. | |
10 | (iv) For the purpose of this section the term "consumer price index" means the last | |
11 | consumer price index for all urban consumers published by the department of labor. For the purpose | |
12 | of this section the revision of the consumer price index which is most consistent with the consumer | |
13 | price index for calendar year 1986 shall be used. | |
14 | (v) If any increase determined under this section is not a multiple of fifty dollars ($50.00), | |
15 | such increase shall be rounded to the next lower multiple of fifty dollars ($50.00). In the case of a | |
16 | married individual filing separate return, if any increase determined under this section is not a | |
17 | multiple of twenty-five dollars ($25.00), such increase shall be rounded to the next lower multiple | |
18 | of twenty-five dollars ($25.00); | |
19 | (9) Modification for up to fifteen thousand dollars ($15,000) of taxable retirement income | |
20 | from certain pension plans or annuities. | |
21 | (i) For tax years beginning on or after January 1, 2017, a modification shall be allowed for | |
22 | up to fifteen thousand dollars ($15,000) of taxable pension and/or annuity income that is included | |
23 | in federal adjusted gross income for the taxable year: | |
24 | (A) For a person who has attained the age used for calculating full or unreduced social | |
25 | security retirement benefits who files a return as an unmarried individual, head of household, or | |
26 | married filing separate whose federal adjusted gross income for such taxable year is less than the | |
27 | amount used for the modification contained in subsection (c)(8)(i)(A) of this section an amount not | |
28 | to exceed $15,000 of taxable pension and/or annuity income includable in federal adjusted gross | |
29 | income; or | |
30 | (B) For a married individual filing jointly or individual filing qualifying widow(er) who | |
31 | has attained the age used for calculating full or unreduced social security retirement benefits whose | |
32 | joint federal adjusted gross income for such taxable year is less than the amount used for the | |
33 | modification contained in subsection (c)(8)(i)(B) of this section an amount not to exceed $15,000 | |
34 | of taxable pension and/or annuity income includable in federal adjusted gross income. | |
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1 | (ii) Adjustment for inflation. The dollar amount contained by reference in subsections | |
2 | (c)(9)(i)(A) and (c)(9)(i)(B) of this section shall be increased annually for tax years beginning on | |
3 | or after January 1, 2018 by an amount equal to: | |
4 | (A) Such dollar amount contained by reference in subsections (c)(9)(i)(A) and (c)(9)(i)(B) | |
5 | of this section adjusted for inflation using a base tax year of 2000, multiplied by; | |
6 | (B) The cost-of-living adjustment with a base year of 2000. | |
7 | (iii) For the purposes of this section, the cost-of-living adjustment for any calendar year is | |
8 | the percentage (if any) by which the consumer price index for the preceding calendar year exceeds | |
9 | the consumer price index for the base year. The consumer price index for any calendar year is the | |
10 | average of the consumer price index as of the close of the twelve-month (12) period ending on | |
11 | August 31, of such calendar year. | |
12 | (iv) For the purpose of this section, the term "consumer price index" means the last | |
13 | consumer price index for all urban consumers published by the department of labor. For the purpose | |
14 | of this section, the revision of the consumer price index which is most consistent with the consumer | |
15 | price index for calendar year 1986 shall be used. | |
16 | (v) If any increase determined under this section is not a multiple of fifty dollars ($50.00), | |
17 | such increase shall be rounded to the next lower multiple of fifty dollars ($50.00). In the case of a | |
18 | married individual filing a separate return, if any increase determined under this section is not a | |
19 | multiple of twenty-five dollars ($25.00), such increase shall be rounded to the next lower multiple | |
20 | of twenty-five dollars ($25.00); and | |
21 | (10) Modification for Rhode Island investment in opportunity zones. For purposes of a | |
22 | taxpayer's state tax liability, in the case of any investment in a Rhode Island opportunity zone by | |
23 | the taxpayer for at least seven (7) years, a modification to income shall be allowed for the | |
24 | incremental difference between the benefit allowed under 26 U.S.C. § 1400Z-2(b)(2)(B)(iv) and | |
25 | the federal benefit allowed under 26 U.S.C. § 1400Z-2(c). | |
26 | (d) Modification for Rhode Island fiduciary adjustment. There shall be added to, or | |
27 | subtracted from, federal adjusted gross income (as the case may be) the taxpayer's share, as | |
28 | beneficiary of an estate or trust, of the Rhode Island fiduciary adjustment determined under § 44- | |
29 | 30-17. | |
30 | (e) Partners. The amounts of modifications required to be made under this section by a | |
31 | partner, which relate to items of income or deduction of a partnership, shall be determined under § | |
32 | 44-30-15. | |
33 | SECTION 14. Sections 1 through 8 of this article shall take effect July 1, 2021. Sections 9 | |
34 | through 13 of this article shall take effect upon passage. | |
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