§ 44-30-71.1 - Voluntary withholding of tax from military retirement payments. - Rhode-island Statutes

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Statutes > Rhode-island > Title-44 > Chapter-44-30 > 44-30-71-1

SECTION 44-30-71.1

§ 44-30-71.1 Voluntary withholding of taxfrom military retirement payments. – (a) The tax administrator may enter into agreements with the federal governmentto allow for the withholding from military retirement payments subject to RhodeIsland personal income tax of a resident individual, an amount substantiallyequivalent to the tax reasonably estimated to be due resulting from theinclusion in the resident's Rhode Island income of his or her retirementpayments received during any calendar year.

(b) The method of determining the amount to be withheld shallbe prescribed by regulations of the tax administrator, with due regard to thewithholding exemptions of the resident.

(c) The provisions of this section shall apply only to aresident who so elects to have the withholding effected.

State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-30 > 44-30-71-1

SECTION 44-30-71.1

§ 44-30-71.1 Voluntary withholding of taxfrom military retirement payments. – (a) The tax administrator may enter into agreements with the federal governmentto allow for the withholding from military retirement payments subject to RhodeIsland personal income tax of a resident individual, an amount substantiallyequivalent to the tax reasonably estimated to be due resulting from theinclusion in the resident's Rhode Island income of his or her retirementpayments received during any calendar year.

(b) The method of determining the amount to be withheld shallbe prescribed by regulations of the tax administrator, with due regard to thewithholding exemptions of the resident.

(c) The provisions of this section shall apply only to aresident who so elects to have the withholding effected.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-30 > 44-30-71-1

SECTION 44-30-71.1

§ 44-30-71.1 Voluntary withholding of taxfrom military retirement payments. – (a) The tax administrator may enter into agreements with the federal governmentto allow for the withholding from military retirement payments subject to RhodeIsland personal income tax of a resident individual, an amount substantiallyequivalent to the tax reasonably estimated to be due resulting from theinclusion in the resident's Rhode Island income of his or her retirementpayments received during any calendar year.

(b) The method of determining the amount to be withheld shallbe prescribed by regulations of the tax administrator, with due regard to thewithholding exemptions of the resident.

(c) The provisions of this section shall apply only to aresident who so elects to have the withholding effected.