2009 Rhode Island Code
Title 44 - Taxation
CHAPTER 44-30 - Personal Income Tax
§ 44-30-71.2 - Withholding of tax from lottery and pari-mutuel betting winnings.

SECTION 44-30-71.2

   § 44-30-71.2  Withholding of tax from lottery and pari-mutuel betting winnings. – (a) The director of lotteries shall deduct and withhold from the prize money of any person winning a prize from the state lottery a tax computed in such a manner as to result, so far as practicable, in an amount substantially equivalent to the tax reasonably estimated to be due resulting from the inclusion in the individual's Rhode Island income of his or her prize money received during the calendar year. The method of determining the amount to be withheld shall be prescribed by regulations of the tax administrator, which regulations and amounts shall be based upon the federal rules, regulations and procedures.

   (b) Every licensee conducting or operating events upon which pari-mutuel betting is allowed shall deduct and withhold from the winnings of any person a tax computed in such manner as to result, so far as practicable, in an amount substantially equivalent to the tax reasonably estimated to be due resulting from the inclusion in the individual's Rhode Island income of his or her winnings received during the calendar year. The method of determining the amount to be withheld shall be prescribed by regulations of the tax administrator, which regulations and the amounts shall be based upon the federal rules, regulations and procedures.