280-20-70 R.I. Code R. § 59.6

Current through June 20, 2024

Section 280-RICR-20-70-59.6 - Exemption/Burden of Proof

A. The Rhode Island sales and use tax law provides an exemption from the sale, storage, use or other consumption of equipment to the extent used for research and development by a qualifying firm.

B. A taxpayer seeking exemption must establish by its records the extent to which the equipment for which it seeks exemption is used in research and development.

280 R.I. Code R. § 280-RICR-20-70-59.6