Search for: "State of Rhode Island Division of Taxation"
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12 Sep 2022, 9:00 pm
Proponents of the amendment have framed the issue as a response to income inequality, with the surtax advertised as only affecting the wealthiest residents of the Bay State and thus ensuring that the wealthy pay their fair share. [1] This motivation is unsurprising in a state known for its progressive politics, and the Commonwealth’s flat-rate income tax is anomalous in a tax code that otherwise bears the hallmarks of progressive taxation. [read post]
19 May 2022, 6:03 am
Given the high level of taxation on tobacco products—on average, excise taxes alone make up 40 percent of the retail price—a menthol prohibition will assuredly reduce revenues both for federal and state governments, while it is less likely that the policy will yield significant benefits in terms of smoking cessation. [read post]
7 Apr 2022, 1:50 am
The authoritative source for state and local tax collections data is the Census Bureau’s State and Local Government Finance division, which serves as the main input and starting point for our tax burdens model. [read post]
22 Apr 2021, 5:55 am
Table of Contents Key Findings Introduction Review of State and Local Car Rental Excise Taxes — How Rental Car Taxes and Fees Work — How Rental Car Excise Tax Revenue Is Used Economic and Tax Policy Consequences of Rental Car Excise Taxes — Economic Incidence of Car Rental Excise Taxes — Tax Exporting — Car Rental Excise Taxes and Tax Policy Rental Car Taxes and Peer-to-Peer Car Sharing — Developments in the State Taxation of… [read post]
18 Mar 2021, 9:45 am
Census Bureau’s State and Local Government Finance division, which serves as the main input and starting point for our tax burdens model. [read post]
8 Dec 2020, 1:55 am
Recent data from the New York Department of Taxation and Finance suggest four-year tax revenue losses of $20.9 billion in real terms, about a 6.7 percent inflation-adjusted decline across the period, and a challenge above what the figures would indicate for a state that was struggling to balance its budgets even before the COVID-19 pandemic. [read post]
3 Nov 2020, 4:00 pm
New Jersey – The New Jersey Division of Taxation early in the pandemic stated for withholding tax purposes, “wage income will continue to be sourced as determined by the employer in accordance with the employer’s jurisdiction. [read post]
9 Jun 2020, 1:55 am
States have designed different excise tax systems for recreational marijuana. [read post]
5 Jun 2020, 3:00 am
The Iowa Republican lost his bid for a 10th term when GOP voters in his Iowa district awarded state Sen. [read post]
24 Mar 2020, 10:15 am
A state-by-state roundup of major state legislative responses to the COVID-19 outbreak appears below the table and will be updated periodically. [read post]
11 Jul 2019, 8:00 am
New Mexico Among other provisions, House Bill 6, signed into law in April 2019, requires remote sellers and marketplace providers with $100,000 or more of sales into New Mexico to begin collecting the state’s gross receipts tax.[13] Pennsylvania As of July 1, remote sellers with more than $100,000 in sales into Pennsylvania are required to collect the state’s sales tax.[14] Rhode Island Rhode Island now requires remote sellers… [read post]
2 Jul 2019, 6:00 am
Across the two states, only 46.7 percent of the company’s business income is subject to state corporate taxation. [read post]
11 Mar 2019, 10:48 am
Under recently-introduced legislation, Rhode Island looks to join their ranks. [read post]
29 Aug 2018, 7:03 am
Thirty-two states are acting to pass laws or regulations to require sales tax collection by remote sellers now or in the immediate future: Preexisting prior to Wayfair: Pennsylvania & Rhode Island (both give retailers a choice between collecting tax or complying with notice-and-reporting laws) July 1, 2018: Colorado (notice-and-reporting only), Hawaii, Oklahoma, Tennessee, Vermont September 1, 2018: Mississippi October 1, 2018: Alabama, Illinois, Indiana, Kentucky,… [read post]
23 Apr 2018, 8:28 am
Some tax limitations can serve to discourage nonneutral split roll taxation, a worthwhile goal, though uniformity clauses represent a better approach. [read post]
13 Feb 2018, 6:19 am
State Rates California has the highest state-level sales tax rate, at 7.25 percent. [2] Four states tie for the second-highest statewide rate, at 7 percent: Indiana, Mississippi, Rhode Island, and Tennessee. [read post]
4 Jan 2018, 5:36 am
The jurisdictions where these appointments were made include districts in California, Florida, Guam, Hawaii, Louisiana, Michigan, Minnesota, Missouri, New Jersey, New York, New Jersey, Rhode Island, the Virgin Islands, and Washington. [read post]
14 Dec 2017, 6:35 am
State Corporate Income Tax Rate Changes Since 2013 State 2012 2017 Arizona 6.968% 4.9% Idaho 7.6% 7.4% Illinois 9.5% 7.75% Indiana 8.5% 6.25% New Hampshire 8.5% 8.2% New Mexico 7.6% 6.2% New York 7.1% 6.5% North Carolina 6.9% 3.0% North Dakota 5.2% 4.31% Rhode Island 9.0% 7.0% West Virginia 7.75% 6.5% District of Columbia 9.975% 9.0% Reduced Taxation of Capital Stock and Tangible Personal Property States have been slowly but steadily… [read post]
24 Oct 2017, 5:30 am
States have experimented with broadening their sales taxes, but most efforts have been piecemeal and frequently involved additional taxation of business-to-business transactions. [read post]
4 Jun 2015, 11:30 am
Fascitelli holds an MBA, with highest distinction, from Harvard Business School and a B.S. in Industrial Engineering, Summa Cum Laude, from the University of Rhode Island. [read post]
