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Rhode Island General Laws Title 44. Taxation § 44-18.1-36. Monetary allowance under Model 1

Current as of January 01, 2024 | Updated by Findlaw Staff

(A) Each member state shall provide a monetary allowance to a CSP in Model 1 in accordance with the terms of the contract between the governing board and the CSP. The details of the monetary allowance will be provided through the contract process. The governing board shall require that such allowance be funded entirely from money collected in Model 1.

(B) The contract between the governing board and a CSP may base the monetary allowance to a CSP on one or more of the following:

(1) A base rate that applies to taxable transactions processed by the CSP.

(2) For a period not to exceed twenty-four months following a voluntary seller's registration through the Agreement's central registration process, a percentage of tax revenue generated for a member state by the voluntary seller for each member state for which the seller does not have a requirement to register to collect the tax.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 44. Taxation § 44-18.1-36. Monetary allowance under Model 1 - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-44-taxation/ri-gen-laws-sect-44-18-1-36/

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