Bill > S0657

This bill amends the Rhode Island Tax Amnesty Act of 2017 to provide a new mechanism for tax relief by authorizing the tax administrator to establish a one-week tax amnesty period each fiscal year during which taxpayers can pay delinquent taxes in full without incurring interest and penalties. Specifically, the bill modifies existing law to allow the waiving of interest and penalties for taxpayers who settle their outstanding tax obligations during this brief window, with the tax administrator responsible for determining the exact dates of the amnesty period and creating appropriate forms and instructions for tax payments. The existing law previously only reduced interest rates by 25%, but this amendment goes further by completely waiving both interest and penalties if full payment is made during the designated amnesty week. The bill would take effect immediately upon its passage, providing a potential opportunity for taxpayers to resolve past tax debts with reduced financial burden.

Budget and Finance

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