Get RI T-79 - Rhode Island Division Of Taxation - Tax Ri

The minimum combined 2023 sales tax rate for Providence, Rhode Island is 7%. This is the total of state, county and city sales tax rates. The Rhode Island sales tax rate is currently 7%.

The sales tax is imposed upon the retailer at the rate of 7% of the gross receipts from taxable sales. In addition to the sales tax, there is also a 6% hotel tax on the rental of rooms in hotels, motels or lodging houses.

Rhode Island imposes a 7 percent sales tax on the sale of most tangible items. However, the state offers exemptions on a range of goods and services, as well as for certain organizations and types of sales. Common exempt goods include clothing and footwear, food, and medical items.

401.574. 8967 or Crystal.Cote@tax.ri.gov.

While there is no inheritance tax in Rhode Island, a deceased person's estate may be subject to state and federal estate taxes. Unlike inheritance tax, estate taxes are paid by the estate of the person who died, not by the heirs and beneficiaries.

Estate Tax Exemption Amounts Rhode Island: If a person's taxable estate totals less than $1,733,264* there is no estate tax to be paid. If the taxable estate exceeds $1,733,264, the estate tax is assessed on all assets of the decedent above the $1,733,264 exemption amount.

What is the Real Estate Conveyance Tax Rate? The tax is two dollars and thirty cents ($2.30) for each $500 (or fraction thereof), which is paid in consideration, including any liens or encumbrances remaining at the time of sale, for the conveyance of the property or the interest in an acquired real estate company.

New or used vehicles, sales tax is 7% of the purchase price, minus trade-in and other allowances. This applies to passenger vehicles and motor homes only. All other vehicles are excluded from the trade-in allowance.