The bill amends Section 44-6.5-4 of the Rhode Island Tax Amnesty Act of 2017, introducing new provisions regarding the calculation of interest on taxes paid during the amnesty period. Specifically, it states that interest on taxes paid for periods covered under the amnesty will be calculated at a rate reduced by 25% from the standard rate imposed under § 44-1-7. Additionally, the bill allows for the waiver of interest and penalties on unpaid delinquent taxes if they are paid in full during a designated one-week tax amnesty period, which will be determined by the tax administrator.

Furthermore, the bill stipulates that upon full payment of all delinquent taxes during this amnesty, any driver's license that was suspended due to nonpayment of taxes will be reinstated, along with all associated privileges. The tax administrator is tasked with providing suitable forms and instructions for making these tax payments. This act will take effect immediately upon passage.

Statutes affected:
656: 44-6.5-4