§ 44-18.1-24 - Caps and thresholds. - Rhode-island Statutes

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Statutes > Rhode-island > Title-44 > Chapter-44-18-1 > 44-18-1-24

SECTION 44-18.1-24

§ 44-18.1-24 Caps and thresholds. –(A) Each member state shall:

(1) Not have caps or thresholds on the application of statesales or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(2) Not have caps that are based on the application of therates unless the member state assumes the administrative responsibility in amanner that places no additional burden on the retailer.

(B) Each member state that has local jurisdictions that levya sales or use tax shall not place caps or thresholds on the application oflocal rates or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(C) The provisions of this section do not apply to sales oruse taxes levied on the retail sale or transfer of motor vehicles, aircraft,watercraft, modular homes, manufactured homes, or mobile homes or to instanceswhere the burden of administration has been shifted from the retailer.

State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-18-1 > 44-18-1-24

SECTION 44-18.1-24

§ 44-18.1-24 Caps and thresholds. –(A) Each member state shall:

(1) Not have caps or thresholds on the application of statesales or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(2) Not have caps that are based on the application of therates unless the member state assumes the administrative responsibility in amanner that places no additional burden on the retailer.

(B) Each member state that has local jurisdictions that levya sales or use tax shall not place caps or thresholds on the application oflocal rates or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(C) The provisions of this section do not apply to sales oruse taxes levied on the retail sale or transfer of motor vehicles, aircraft,watercraft, modular homes, manufactured homes, or mobile homes or to instanceswhere the burden of administration has been shifted from the retailer.

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State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-18-1 > 44-18-1-24

SECTION 44-18.1-24

§ 44-18.1-24 Caps and thresholds. –(A) Each member state shall:

(1) Not have caps or thresholds on the application of statesales or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(2) Not have caps that are based on the application of therates unless the member state assumes the administrative responsibility in amanner that places no additional burden on the retailer.

(B) Each member state that has local jurisdictions that levya sales or use tax shall not place caps or thresholds on the application oflocal rates or use tax rates or exemptions that are based on the value of thetransaction or item after December 31, 2005. A member state may continue tohave caps and thresholds until that date.

(C) The provisions of this section do not apply to sales oruse taxes levied on the retail sale or transfer of motor vehicles, aircraft,watercraft, modular homes, manufactured homes, or mobile homes or to instanceswhere the burden of administration has been shifted from the retailer.