With a hat tip to Dan Yorke, below are some of the new things that will now fall under the expanded sales tax being proposed by the tax-and-spenders in our Legislature, under the, ahem, “ECONOMIC GROWTH AND FAIRNESS ACT OF 2008”. Oh sure, there is this…..
Commencing on January 1, 2010, the rate shall be six and one half percent (6.5%). Commencing on January 1, 2011, the tax rate shall be six percent (6%). Commencing on January 1, 2012 and thereafter the tax rate shall be five and one half percent (5.5%).
Until we decide that we “can’t afford” that reduction.
And then there is the fact that the Income Tax is going to INCREASE, anyway:
For the period January 1, 2002, and thereafter through July 1, 2008 the rate shall be twenty-five percent (25%) of the taxpayer’s federal income tax liability. For the period January 1, 2008, and thereafter, the rate shall be twenty-seven and one-half percent (27.5%) of that taxpayer’s federal income tax liability, as defined in subsection 44-30-2(b).
And the flat tax option will be terminated (p.37) and capital gains taxes are going back up (p.39-40, 47). Yup, why cut government when we can tax more?
The furnishing of dry cleaning and/or laundry services.
The furnishing of linen and uniform supplies.
All services provided to domestic animals except those provided by a doctor of veterinary medicine.
The furnishing of watch and jewelry repair services.
Any public golf course green fees and private golf country club fees and membership dues.
Marina fees and services.
Health club fees and services.
Any temporary employment agency fees and services.
Telemarketing bureau fees and services.
Telephone answering services.
Any security system fees and services except those provided by a locksmith.
Any janitorial fees and services.
Any landscaping fees and services.
Any carpet cleaning fees and services.
Any swimming pool maintenance fees and services.
Any solid waste hauling fees and services.
Any porta-pit rental fees and services.
Payroll fees and services.
Any tax preparation fees and services.
Any architectural fees and services, including landscape activities fees and services.
Any interior design fees and services.
Any management consulting fees and services.
Any marketing research and polling fees and services.
Any real estate property management fees and services.
Any motion picture admission tickets.
Any limousine service and usage fees.
Any dating service fees.
OK, here’s the almost complete list of new “revenue sources” and revoked exemptions.
And here are some of the things no longer exempt:
Camps with fewer than 75% of Rhode Islanders in attendance
“Certain Institutions” – health care facilities
Trade in value of Motor Vehicles
Precious Metal Bullion
Promotional and product literature of boat manufacturers
Equipment used for research and development
Banks and Regulated investment companies interstate toll-free calls
Mobile and manufactured homes generally
Horse food products
Non-motorized recreational vehicles sold to nonresidents
Sales by writers, composers, artists
Sales to common carrier for use outside state
Buses, trucks and trailers in interstate commerce
2% tax for all recipients of accounting services provided by accountants and legal services
Historical Bldg Business tax credits are discontinued
Various exemptions outlined in Sections 44-11-12, 44-11-14.5 and 44-11-43 of the General Laws in Chapter 44-11 entitled “Business Corporation Tax” are repealed.
Various exemptions outlined in Sections 44-17-1 and 44-17-2 of the General Laws in Chapter 44-17 entitled “Taxation of Insurance Companies” are repealed.
Biotechnology investment tax credit