Mandates that any surplus state tax revenue received in any fiscal year would be refunded to the taxpayers of this state on a proportional basis in relation to the personal income tax liability incurred by the taxpayers in that fiscal year.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
Expands the definition of “book or other writing” to sales up to one thousand five hundred (1,500) copies and deny the sales tax exemption for third-party sales.
Allows the city of Providence to adopt higher rates for the marginal value of residential property in excess of $1,000,000 per dwelling. Taxpayers below a certain income level may be exempt and additional revenue would be exempt.
Provides a tax credit for food donations by qualified taxpayers to nonprofit organizations up to five thousand dollars ($5,000) per year.
Applies the 7% sales tax to sales of liquor and wine.
Provides that an electronic shelving label by itself would not satisfy the disclosure and display requirements for unit pricing by way of the attachment of a stamp, tag or label to the commodity.
Provides that an electronic shelving label by itself would not satisfy the disclosure and display requirements for unit pricing by way of the attachment of a stamp, tag or label to the commodity.
Provides a tax credit to individual taxpayers who convert their gas-powered vehicle into a vehicle propelled by an alternative fuel source.
Repeals the property tax and sales and use tax exemption for boats.