Research and Development Exemption Certificate Form - Rhode Island

Research and Development Exemption Certificate Form is a legal document that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island.

FAQ

Q: What is the Research and Development Exemption Certificate Form?
A: The Research and Development Exemption Certificate Form is a form used in Rhode Island to claim an exemption for research and development activities from certain taxes.

Q: Who can use the Research and Development Exemption Certificate Form?
A: Any business or organization that conducts research and development activities in Rhode Island may use the form.

Q: What taxes are exempted with the Research and Development Exemption Certificate?
A: The Research and Development Exemption Certificate provides exemption from Rhode Island sales and use tax, and state and local hotel occupancy taxes.

Q: What qualifies as research and development activities?
A: Research and development activities include technical or scientific activities undertaken for the purposes of discovering new knowledge, creating new products or processes, or improving existing products or processes.

Q: Is there a deadline for filing the Research and Development Exemption Certificate?
A: Yes, the Research and Development Exemption Certificate must be filed on or before the due date of the tax return for the period in which the tax-exempt purchases were made.

Q: Can the Research and Development Exemption Certificate be used for past purchases?
A: No, the certificate can only be used for future purchases.

Q: Can the Research and Development Exemption Certificate be transferred or assigned to another business?
A: No, the certificate is not transferable or assignable to another business.

Q: What should I do if I have more questions or need further assistance?
A: For more information or assistance, you can contact the Rhode Island Division of Taxation directly.