The bill amends Section 44-30-58 of the General Laws in Chapter 44-30, which pertains to personal income tax. It introduces new legal language that outlines the requirements concerning returns, notices, records, and statements. The tax administration is granted the authority to prescribe regulations requiring returns of information to be made and filed on or before February 28th of each year, with filing thresholds consistent with the applicable thresholds for informational filings established pursuant to 26 U.S.C. 1 et seq., as amended, to any Rhode Island personal income taxpayer. The previous threshold of "one hundred dollars ($100) or more" has been deleted. The act will take effect upon its passage.

Statutes affected:
8604: 44-30-58
8604  SUB A: 44-30-58