Rhode Island Tax Amnesty
- Aug 2, 2012 | Susan McLain
In a Summary of Legislative Changes, the Rhode Island Division of Taxation explains, “The amnesty will be open to all taxpayers who are delinquent on any state taxes—such as personal income tax, sales and use tax, corporate income tax, or unemployment insurance tax.”
If an application for amnesty is accepted “…the Tax Administrator generally will waive all related penalties—and reduce the applicable interest rate by 25 percent.”
In order for an application to be complete, the taxpayer must pay “…the tax and interest due upon filing the amnesty tax return, or…[enter] into a bona fide installment payment agreement for reasons of financial hardship.”
The Rhode Island Tax Amnesty program runs from September 2, 2012 through November 15, 2012.