Rhode Island § 44-18-27 § 44-18-27. Tax on rental income to retailer.

Rhode Island Statutes

§ 44-18-27 — § 44-18-27. Tax on rental income to retailer.

Rhode Island § 44-18-27

Title 44Taxation

Ch. 44-18Sales and Use Taxes â€” Liability and Computation

This text of Rhode Island § 44-18-27 (§ 44-18-27. Tax on rental income to retailer.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-18-27 (2026).

Text

§ 44-18-27. Tax on rental income to retailer.
If the sole use of the property, other than retention, demonstration, or display in
            the regular course of business, is the rental of the property while holding it for
            sale or rental, the purchaser or lessor may elect to pay the tax as measured by the
            cost of the property to him or her. The election is exercised by payment of the sales
            tax to the seller or by filing the required use tax return on or before the due date.
            Upon a subsequent sale of the property, the person making the sale shall include the
            full amount of the selling price in his or her gross receipts and shall pay the tax
            on the 

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§ 44-18-27. Tax on rental income to retailer.

If the sole use of the property, other than retention, demonstration, or display in the regular course of business, is the rental of the property while holding it for sale or rental, the purchaser or lessor may elect to pay the tax as measured by the cost of the property to him or her. The election is exercised by payment of the sales tax to the seller or by filing the required use tax return on or before the due date. Upon a subsequent sale of the property, the person making the sale shall include the full amount of the selling price in his or her gross receipts and shall pay the tax on the property.