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| 5 | 5 | | 2023 -- S 0213 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC001388 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S TATE OF RHODE IS LAND |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2023 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO TAXATION -- SALES AND USE TAXES -- LIABILITY AND |
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| 16 | 16 | | COMPUTATION |
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| 17 | 17 | | Introduced By: Senators McKenney, Burke, DiPalma, LaMountain, and Britto |
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| 18 | 18 | | Date Introduced: February 16, 2023 |
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| 19 | 19 | | Referred To: Senate Finance |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | It is enacted by the General Assembly as follows: |
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| 23 | 23 | | SECTION 1. Chapter 44-18 of the General Laws entitled "Sales and Use Taxes – Liability 1 |
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| 24 | 24 | | and Computation" is hereby amended by adding thereto the following section: 2 |
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| 25 | 25 | | 44-18-18.2. Annual Sales Tax Holiday. 3 |
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| 26 | 26 | | (a) Notwithstanding any general or public law to the contrary, for the days of August 12, 4 |
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| 27 | 27 | | 2023 and August 13, 2023, sales tax shall not be imposed upon nonbusiness sales at retail of 5 |
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| 28 | 28 | | tangible personal property. For purposes of this section, tangible personal property shall not include 6 |
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| 29 | 29 | | telecommunications, tobacco products, gas, steam, oil, electricity, motor vehicles, motorboats, 7 |
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| 30 | 30 | | meals or a single item whose price exceeds two thousand five hundred dollars ($2,500). 8 |
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| 31 | 31 | | (b) Notwithstanding any general or public law to the contrary, for the days of August 12, 9 |
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| 32 | 32 | | 2023 and August 13, 2023, a vendor shall not add to the sales price, or collect from a nonbusiness 10 |
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| 33 | 33 | | purchaser, an excise upon sales at retail of tangible personal property. The director of the 11 |
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| 34 | 34 | | department of revenue ("the director") shall not require a vendor to collect and pay taxes upon sales 12 |
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| 35 | 35 | | at retail of tangible personal property purchased on August 12, 2023 and August 13, 2023. An 13 |
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| 36 | 36 | | excise erroneously or improperly collected during the days of August 12, 2023 and August 13, 14 |
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| 37 | 37 | | 2023, shall be remitted to the department of revenue. 15 |
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| 38 | 38 | | This section shall not apply to the sale of telecommunications, tobacco products, gas, 16 |
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| 39 | 39 | | steam, oil, electricity, motor vehicles, motorboats, meals or a single item the price of which is in 17 |
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| 40 | 40 | | excess of two thousand five hundred dollars ($2,500). 18 |
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| 41 | 41 | | |
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| 42 | 42 | | |
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| 43 | 43 | | LC001388 - Page 2 of 3 |
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| 44 | 44 | | (c) Reporting requirements imposed upon vendors of tangible personal property, by law or 1 |
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| 45 | 45 | | by regulation, including, but not limited to, the requirements for filing returns required pursuant to 2 |
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| 46 | 46 | | the general laws, shall remain in effect for sales for the days of August 12, 2023 and August 13, 3 |
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| 47 | 47 | | 2023. 4 |
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| 48 | 48 | | (d) On or before December 31, 2023, the director of the department of revenue shall certify 5 |
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| 49 | 49 | | to the comptroller the amount of sales tax forgone, as well as new revenue raised from personal 6 |
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| 50 | 50 | | and corporate income taxes and other sources pursuant to this section. The director shall file a report 7 |
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| 51 | 51 | | with the house and senate finance committees detailing the distribution of revenues which would 8 |
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| 52 | 52 | | have been deposited in each fund without this section. 9 |
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| 53 | 53 | | (e) The director shall issue instructions or forms, or promulgate rules or regulations, as 10 |
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| 54 | 54 | | necessary for the implementation of this section. 11 |
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| 55 | 55 | | (f) Eligible sales at retail of tangible personal property under subsections (a) and (b) of this 12 |
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| 56 | 56 | | section are restricted to those transactions occurring on August 12, 2023 and August 13, 2023. 13 |
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| 57 | 57 | | Transfer of possession of or payment in full for the property shall occur on one of those days, and 14 |
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| 58 | 58 | | prior sales or layaway sales shall be ineligible. 15 |
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| 59 | 59 | | SECTION 2. This act shall take effect upon passage. 16 |
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| 60 | 60 | | ======== |
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| 61 | 61 | | LC001388 |
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| 62 | 62 | | ======== |
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| 63 | 63 | | |
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| 64 | 64 | | |
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| 65 | 65 | | LC001388 - Page 3 of 3 |
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| 66 | 66 | | EXPLANATION |
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| 67 | 67 | | BY THE LEGISLATIVE COUNCIL |
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| 68 | 68 | | OF |
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| 69 | 69 | | A N A C T |
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| 70 | 70 | | RELATING TO TAXATION -- SALES AND USE TAXES -- LIABILITY AND |
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| 71 | 71 | | COMPUTATION |
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| 72 | 72 | | *** |
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| 73 | 73 | | This act would create a sales tax holiday for the days of August 12, 2023 and August 13, 1 |
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| 74 | 74 | | 2023, and no sales taxes would be collected on nonbusiness sales of tangible personal property, 2 |
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| 75 | 75 | | with the exception of sales of telecommunications, tobacco products, gas, steam, oil, electricity, 3 |
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| 76 | 76 | | motor vehicles, motorboats, meals or a single item whose price exceeds two thousand five hundred 4 |
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| 77 | 77 | | dollars ($2,500). 5 |
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| 78 | 78 | | This act would take effect upon passage. 6 |
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| 79 | 79 | | ======== |
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| 80 | 80 | | LC001388 |
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