The bill amends various sections of the Rhode Island General Laws concerning taxation, particularly focusing on the taxation of alcoholic beverages. It introduces new legal language, such as "Information supplemental to returns Audit of books" in Section 3-10-5, which allows the tax administrator to request additional information from individuals or corporations to verify tax returns.

A new section titled "Disposition of proceeds" in Section 31-36-20 outlines the allocation of certain tax revenues, specifying that proceeds shall be credited and paid monthly by the general treasurer to designated funds.

The bill modifies the powers and duties of the tax administrator in Section 44-1-2, removing the sunset provision for certain powers. It establishes a ten-year limitation on tax assessments in sections 44-11-7.1 and 44-30-83, clarifying that the tax administrator cannot commence collection actions for taxes due more than ten years after the return was filed.

Additionally, the bill introduces a sales tax exemption for original works created by artists, writers, and composers residing in Rhode Island in the new section 44-18-30B, which specifies the types of works eligible for exemption and the validity period of the exemption certificate.

The bill also includes technical corrections regarding the taxation of alcoholic beverages, particularly concerning reporting requirements for Class A licensees and the preparation of annual reports by the tax administrator.

The effective dates for the provisions of the bill are specified, with some sections taking effect on January 1, 2026, and others upon passage.

Statutes affected:
5735: 3-10-5, 31-36-20, 44-1-2, 44-18-0, 44-19-13, 44-20-5, 44-23-9, 44-30-83