Raptakis Bill Would Repeal New Reporting Requirement on Alcohol Sales
Senator Raptakis feels the Feb. 1, 2013 reporting deadline is a burden to business owners.
Sen. Leonidas P. Raptakis (D-Dist. 33, Coventry, East Greenwich, West Grenwich) has introduced legislation calling for repeal of a new regulation that requires restaurants, bars and alcohol retailers to provide a report for the Division of Taxation detailing total sales of alcoholic beverages in the past year. The reporting requirement was included as part of the State Budget for the current fiscal year that was signed into law last June. The new accounting and reporting procedures are a result of concerns of some Rhode Island liquor retailers that the state’s imposition of a sales tax on liquor puts Rhode Island businesses at a disadvantage to nearby Massachusetts stores, where there is no sales tax on alcoholic beverages. Senator …
eye in the sky
9:24 am on Thursday, January 24, 2013
Wrong!!!!! I ran a bar , they can go by how much liquor you buy from the wholesaler! Stops people from going to New Hampshire or local liquor stores and filling they're bottles and making money under the table. Most of these place already know how much food/ alcohol was sold...Money is made on the booze. And Alicia you don't know Lou. more ›