State Tax in Rhode Island

All tax returns in the "Ocean State" (Rhode Island's nickname) are due for the 15th of April. If the 15th turns out to be a holiday or a weekend day then the last date for filing tax returns is moved to the next business day. Ocean State taxpayers can check their refunds online.

There are five tax brackets for single filers of State Tax in the great State of Rhode Island:

  1. 3.75 per cent on the first $ 31,850 of taxable income
  2. Seven per cent for a taxable income between $ 31,851 and $ 77,100
  3. 7.75 per cent for a taxable income between $ 77,101 and $ 160,850
  4. Nine per cent for a taxable income between $ 160,851 and $ 349,700
  5. 9.9 per cent for a taxable income of $ 349,701 and over

 

There are five tax brackets for joint filers of State Tax in the great State of Rhode Island:

  1. 3.75 per cent on the first $ 53,150 of taxable income
  2. Seven per cent for a taxable income between $ 53,151 and $ 128,500
  3. 7.75 per cent for a taxable income between $ 128,501 and $ 195,850
  4. Nine per cent for a taxable income between $ 195,851 and $ 349,700
  5. 9.9 per cent for a taxable income of $ 349,701 and over

 

Sales Tax and Laws in Rhode Island

Rhode Island has a seven per cent State Sales Tax. Rhode Island also levies Use Tax on off State purchases. Rhode Island is also a signatory of Streamlined Sales and Use Tax Agreement.

Both gasoline and diesel is taxed 31 cents a gallon in the Ocean State. Cigarettes are very expensive in Rhode Island as there is a cigarette tax of $2.46 on a pack of 20 cigarettes.

Property and Inheritance Tax Law in Rhode Island

The State of Rhode Island relies on the municipal assessors for the assessment and collection of all property taxes. Rhode Island has no inheritance tax. There is however, a State Tax on the transfer of any asset to any resident of Rhode Island.

Rhode Island Taxation Division: Facts and Figures

Rhode Island Taxation Division is part of the Department of Administration and the current Director of the Department of Administration is Jerome Williams.

In 2004 The State of Rhode Island collected $ 2,767,000,000 in revenue. This equated to a average revenue per capita of $ 2,560.54 for the State of Rhode Island which is roughly 8.02 per cent. This places Rhode Island at number eight for the highest percentage of revenue collected per capita for 2004.

 

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