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Avoid penalties Failure to file your Rhode Island personal income tax return as required will trigger the failure-to- file penalty – which applies at the rate of 5 percent per month, to a maximum of 25 percent of the amount due.

Call us at 401-574-8829, option #3, to confirm authenticity of any unexpected or suspicious calls. More information is available in Advisory 2024-18.

Avoid penalties Failure to file your Rhode Island personal income tax return as required will trigger the failure-to- file penalty – which applies at the rate of 5 percent per month, to a maximum of 25 percent of the amount due.

In 2017, Rhode Island passed a new law to gradually eliminate the motor vehicle excise tax beginning with FY 18 and fully eliminate it by FY 24. A provision in the 2022 state budget then accelerated the phase-out by one year, eliminating the tax beginning FY 23 (R.I. Gen. Laws § 44-34- 1.5 and R.I. P.L.

Call us at 401-574-8829, option #3, to confirm authenticity of any unexpected or suspicious calls. More information is available in Advisory 2024-18.

Our Excise Tax Section addresses questions related to sales and use tax, local meals and beverage tax and hotel tax, as well as other miscellaneous excise taxes such as litter fee, motor fuel tax, International Fuel Tax Agreement (IFTA) tax, cigarette and tobacco taxes, real estate conveyance tax, and others.

In 2017, Rhode Island passed a new law to gradually eliminate the motor vehicle excise tax beginning with FY 18 and fully eliminate it by FY 24. A provision in the 2022 state budget then accelerated the phase-out by one year, eliminating the tax beginning FY 23 (R.I. Gen. Laws § 44-34- 1.5 and R.I. P.L.

The sales tax is a levy imposed on the retail sale, rental or lease of many goods and services. Any sale is a retail sale if the property or service sold will be used and not resold in the regular course of business. The sales tax is imposed upon the retailer at the rate of 7% of the gross receipts from taxable sales.

Excise taxes are taxes levied on specific goods or services like fuel, tobacco, and alcohol. They are primarily taxes that must be paid by businesses, usually increasing prices for consumers indirectly. Excise taxes can be ad valorem (paid by percentage) or specific (cost charged by unit).

Our Excise Tax Section addresses questions related to sales and use tax, local meals and beverage tax and hotel tax, as well as other miscellaneous excise taxes such as litter fee, motor fuel tax, International Fuel Tax Agreement (IFTA) tax, cigarette and tobacco taxes, real estate conveyance tax, and others.

Anyone who mailed a paper tax return can expect a longer delay, as they take longer to process. If there is no refund for a simple, digital tax return after six weeks, Savage said to send the division an email at Tax.Assist@tax.ri.gov.

The sales tax is a levy imposed on the retail sale, rental or lease of many goods and services. Any sale is a retail sale if the property or service sold will be used and not resold in the regular course of business. The sales tax is imposed upon the retailer at the rate of 7% of the gross receipts from taxable sales.

Excise Tax is a tax on the privilege of registration per RI General Law 44-34-2. The value is determined by the Rhode Island Vehicle Value Commission per RI General Law 44-34-11 and is based on NADA values. The value is then reduced by the RI State exemption of $500.

Excise taxes are taxes levied on specific goods or services like fuel, tobacco, and alcohol. They are primarily taxes that must be paid by businesses, usually increasing prices for consumers indirectly. Excise taxes can be ad valorem (paid by percentage) or specific (cost charged by unit).

Anyone who mailed a paper tax return can expect a longer delay, as they take longer to process. If there is no refund for a simple, digital tax return after six weeks, Savage said to send the division an email at Tax.Assist@tax.ri.gov.

Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections.

Excise Tax is a tax on the privilege of registration per RI General Law 44-34-2. The value is determined by the Rhode Island Vehicle Value Commission per RI General Law 44-34-11 and is based on NADA values. The value is then reduced by the RI State exemption of $500.

Dealer. New or used vehicles, sales tax is 7% of the purchase price, minus trade-in and other allowances. This applies to passenger vehicles and motor homes only. All other vehicles are excluded from the trade-in allowance.

Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections.

Dealer. New or used vehicles, sales tax is 7% of the purchase price, minus trade-in and other allowances. This applies to passenger vehicles and motor homes only. All other vehicles are excluded from the trade-in allowance.

DO NOT staple or otherwise attach your payment or Form RI-1040V to your return or to each other. Instead, just put them loose in the envelope. Mail your tax return, payment and RI-1040V to the Rhode Island Division of Taxation, One Capitol Hill, Providence, RI 02908- 5807.

Dealer. New or used vehicles, sales tax is 7% of the purchase price, minus trade-in and other allowances. This applies to passenger vehicles and motor homes only. All other vehicles are excluded from the trade-in allowance.