Seminar to detail new tax on short-term rentals

NEWPORT – The state of Rhode Island will hold a seminar in Newport on April 1 to explain the new tax that affects short-term residential rentals.
A new state law that took effect with rental contracts signed after July 1, 2015, will expand the state sales and hotel taxes to short-term residential rentals of vacation homes and beach cottages. The full impact of the tax policy is expected to be felt this summer season.
The seminar, to be held from 10 a.m. to noon at the Community College of Rhode Island’s Newport campus, is open to property owners, real estate agents, tax professionals and others. R.I. Division of Taxation representatives will explain how the new taxes work, discuss how they are applied and explain registration, filing and payment requirements.
Pre-registration is required at this link: https://ritax.wufoo.com/forms/welcome-to-the-seminar/.

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