This bill makes amendments to the Rhode Island Business Corporation Act and the Rhode Island Limited-Liability Company Act to allow for the revocation of articles of incorporation or authority to transact business under certain conditions. The bill also makes amendments to existing laws related to taxes and taxpayer data, including specifying the notice of revocation for the acquisition, use, storage, dissemination, or publication of confidential taxpayer data, allowing for tax credits for wages paid to enterprise job employees, and specifying limitations on assessment of the Rhode Island corporate income tax.

Additionally, the bill includes several insertions and deletions to current law, such as adding a new section allowing the tax administrator to compile a list of corporations that have failed to pay state fees and/or taxes and initiating revocation proceedings, requiring corporations to notify the tax administrator of the sale or transfer of assets and pay any taxes due at that time, and exempting certain gross receipts from sales and use taxes. The bill also amends current law regarding sales and use tax exemptions, including exemptions for contractors performing construction projects, gasoline and fuels used for the propulsion of airplanes, and food and food ingredients.

Statutes affected:
5839: 7-16-67.1, 42-64.3-6, 42-64.6-7, 44-18-30, 44-19-13, 44-23-9, 44-31-1, 44-39.1-2, 44-47-1, 44-57-1, 44-43-3