280 R.I. Code R. 280-RICR-20-30-1.8

Current through December 26, 2024

Section 280-RICR-20-30-1.8 - Penalty for Non-compliance

A. Insufficient Funds and Other Bank Reversals

Payments towards tax liability made by electronic funds transfer are subject to the interest and penalty provisions if the payment is deemed late. EFT deposits to a designated State of Rhode Island bank account that are reversed by the State's depository bank due to insufficient funds in the originator's account, or for other reasons, are subject to the late filing and late payment penalties in accordance with the applicable statutes.

B. Failure to Pay Electronically.

1. R.I. Gen. Laws §§ 44-1-31.2(c), 44-19-10.3, 44-30-71, and 44-30-85.1 provide that if any person fails to remit said taxes by electronic funds transfer or other electronic means defined by the tax administrator as required hereunder, the amount of tax required to have been electronically transferred shall be increased by the lesser of:

a. Five percent (5%) of the amount that was not so transferred, or;

b. Five hundred dollars ($500.00), whichever is less, unless there was reasonable cause for the failure and such failure was not due to negligence or willful neglect.

C. Failure to File Electronically.

R.I. Gen. Laws §§ 44-1-31.2(d) and 44-30-85.1(3) provide that any person subject to the electronic filing requirements that fails to file a return by electronic transmission shall have added to the tax an amount equal to fifty dollars ($50.00) unless there was reasonable cause for the failure and such failure was not due to negligence or willful neglect.

280 R.I. Code R. 280-RICR-20-30-1.8

Amended effective 3/2/2020
Amended effective 2/26/2023