§ 44-19-22 - Notice of transfer of business – Taxes due immediately. - Rhode-island Statutes

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Statutes > Rhode-island > Title-44 > Chapter-44-19 > 44-19-22

SECTION 44-19-22

§ 44-19-22 Notice of transfer of business– Taxes due immediately. – The sale or transfer by any taxpayer other than receivers, assignees under avoluntary assignment for the benefit of creditors, trustees in bankruptcy, orpublic officers acting under judicial process of the major part in value of theassets of the taxpayer than in the ordinary course of trade and the regular andusual prosecution of the taxpayer's business, is fraudulent and void as againstthe state, unless the taxpayer, at least five (5) days before the sale ortransfer, notifies the tax administrator of the proposed sale or transfer andof the price, terms, and conditions of the sale and of the character andlocation of those assets. Whenever the taxpayer makes a sale or transfer, alltaxes imposed by chapter 18 of this title must be paid at the time when the taxadministrator is notified, or, if the administrator is not notified, at thetime when the administrator should have been notified.

State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-19 > 44-19-22

SECTION 44-19-22

§ 44-19-22 Notice of transfer of business– Taxes due immediately. – The sale or transfer by any taxpayer other than receivers, assignees under avoluntary assignment for the benefit of creditors, trustees in bankruptcy, orpublic officers acting under judicial process of the major part in value of theassets of the taxpayer than in the ordinary course of trade and the regular andusual prosecution of the taxpayer's business, is fraudulent and void as againstthe state, unless the taxpayer, at least five (5) days before the sale ortransfer, notifies the tax administrator of the proposed sale or transfer andof the price, terms, and conditions of the sale and of the character andlocation of those assets. Whenever the taxpayer makes a sale or transfer, alltaxes imposed by chapter 18 of this title must be paid at the time when the taxadministrator is notified, or, if the administrator is not notified, at thetime when the administrator should have been notified.

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State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-19 > 44-19-22

SECTION 44-19-22

§ 44-19-22 Notice of transfer of business– Taxes due immediately. – The sale or transfer by any taxpayer other than receivers, assignees under avoluntary assignment for the benefit of creditors, trustees in bankruptcy, orpublic officers acting under judicial process of the major part in value of theassets of the taxpayer than in the ordinary course of trade and the regular andusual prosecution of the taxpayer's business, is fraudulent and void as againstthe state, unless the taxpayer, at least five (5) days before the sale ortransfer, notifies the tax administrator of the proposed sale or transfer andof the price, terms, and conditions of the sale and of the character andlocation of those assets. Whenever the taxpayer makes a sale or transfer, alltaxes imposed by chapter 18 of this title must be paid at the time when the taxadministrator is notified, or, if the administrator is not notified, at thetime when the administrator should have been notified.