Updated March 27 at 4:27pm

Division of Taxation proposes statewide arts district regulation

The R.I. Division of Taxation proposed a new regulation Monday establishing a statewide arts district. More

To continue reading this article, please do one of the following.



Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

arts

Division of Taxation proposes statewide arts district regulation

Posted:

PROVIDENCE – The R.I. Division of Taxation proposed a new regulation Monday establishing a statewide arts district.

The proposal draws from legislation passed in July exempting artists, composers and writers selling “original and creative works” throughout Rhode Island from sales and use tax, a change from the former policy that only exempted artists in certain areas of select Rhode Island cities.

Works that qualify as exempt include books, musical compositions, film and dance, paintings and crafts. Artists who are exempted from the sales tax must submit an annual certified accounting of the total revenue from sold works under the Division of Taxation regulation.

The statewide arts tax exemption, which would go into effect Dec. 1, is expected to result in a revenue loss of $825,000, according to a report by the R.I. House of Representatives Fiscal Office.

A public hearing on the proposed regulation will be held at 9:30 a.m. on Oct. 24 at the William E. Powers Building, One Capitol Hill.

ri division of taxation, ri tax, ri sales tax, statewide arts district, ri artist sales tax exemption,

Comments

1 comment on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Obadiah2

Good move. This tax exemption is in effect a subsidy for the arts which is well warranted. Public support for the arts is puny and when there is a fiscal crunch what little support there is disappears. That is not right and contrasts starkly with the European experience where the arts are fully supported consistently at a high level by the governments.

Monday, September 23, 2013 | Report this
Latest News