2009 Rhode Island Code
Title 44 - Taxation
CHAPTER 44-19 - Sales and Use Taxes – Enforcement and Collection
§ 44-19-22 - Notice of transfer of business – Taxes due immediately.

SECTION 44-19-22

   § 44-19-22  Notice of transfer of business – Taxes due immediately. – The sale or transfer by any taxpayer other than receivers, assignees under a voluntary assignment for the benefit of creditors, trustees in bankruptcy, or public officers acting under judicial process of the major part in value of the assets of the taxpayer than in the ordinary course of trade and the regular and usual prosecution of the taxpayer's business, is fraudulent and void as against the state, unless the taxpayer, at least five (5) days before the sale or transfer, notifies the tax administrator of the proposed sale or transfer and of the price, terms, and conditions of the sale and of the character and location of those assets. Whenever the taxpayer makes a sale or transfer, all taxes imposed by chapter 18 of this title must be paid at the time when the tax administrator is notified, or, if the administrator is not notified, at the time when the administrator should have been notified.