10.07.2015 Views

rhode island tax news - Rhode Island Division of Taxation - RI.gov

rhode island tax news - Rhode Island Division of Taxation - RI.gov

rhode island tax news - Rhode Island Division of Taxation - RI.gov

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

A NEWSLETTER FOR TAXPAYERS AND PRACTITIONERSPAGE 7NATIONAL HONOR GIVEN TO EMPLOYER TAXhe <strong>Rhode</strong> <strong>Island</strong>T <strong>Division</strong> <strong>of</strong> <strong>Taxation</strong>’sEmployer Taxsection has won a nationalaward for excellencefrom the U.S. Department<strong>of</strong> Labor(DOL).The award was presentedat the NationalUnemployment InsuranceDirectors Conferenceand IT/Legal IssuesForum, held at the Biltmorehotel in Providencein October. The awardwas for “performanceexcellence in <strong>tax</strong> operations”for small statesduring fiscal year 2011.The Tax <strong>Division</strong>’s EmployerTax section worksclosely with the Department<strong>of</strong> Labor and Trainingand is involved in theadministration and collection<strong>of</strong> <strong>tax</strong>es involvingunemployment insurance,Temporary DisabilityInsurance (TDI), andthe Job DevelopmentFund.Receiving the honor onthe Tax <strong>Division</strong>’s behalfwas Philip D’Ambra,chief revenue agent andhead <strong>of</strong> the Tax <strong>Division</strong>’sEmployer Taxsection.The DOL’s Employmentand Training Administration,Office <strong>of</strong>Unemployment Insurance,annually reviewsperformance against coremeasures established forthe unemployment insuranceprogram.Awards go to states thathave excelled in surpassingthe acceptable levels<strong>of</strong> performance in variouscategories.The award was presentedby Gay Gilbert,administrator for theDOL’s Office <strong>of</strong> UnemploymentInsurance. Agathering commemoratingreceipt <strong>of</strong> the awardincluded D’Ambra andRaymond A. Filippone,assistant director at theDLT who oversees unemploymentinsuranceand TDI programs.“We’re all very proud <strong>of</strong>the accomplishments <strong>of</strong>Phil and our entire employer<strong>tax</strong> section,”said <strong>Rhode</strong> <strong>Island</strong> TaxAdministrator DavidM. Sullivan. “Theaward recognizes thehigh standards thatPhil and his teamhave, and the hardwork they all do.National honorsAccepting a national award from the U.S. Department <strong>of</strong> Labor during a conference inProvidence was Philip D’Ambra (center), chief <strong>of</strong> employer <strong>tax</strong> at the <strong>Rhode</strong> <strong>Island</strong> <strong>Division</strong><strong>of</strong> <strong>Taxation</strong>. Also present were Raymond A. Filippone (left), assistant director at the<strong>Rhode</strong> <strong>Island</strong> Department <strong>of</strong> Labor and Training who oversees unemployment insurance,and Gay Gilbert (right), administrator, U.S. Office <strong>of</strong> Unemployment Insurance.Their work reflectswell on the state as awhole,” Sullivan said.Director <strong>of</strong> Labor andTraining Charles J.Fogarty commented,“We were delightedbut not surprised thatour colleagues at the(Photo courtesy <strong>of</strong> U.S. Department <strong>of</strong> Labor)<strong>Division</strong> <strong>of</strong> <strong>Taxation</strong>were chosen to receivean award for excellence.Their work relating toUnemployment Insuranceand TemporaryDisability Insurancecontinues to be exemplary.”INTEREST RATES SET FOR UNDERPAYMENTS, OVERPAYMENTSThe <strong>Rhode</strong> <strong>Island</strong> <strong>Division</strong> <strong>of</strong><strong>Taxation</strong> has set interest rates— for delinquencies and foroverpayments — for 2012.The interest rate on delinquent<strong>tax</strong> payments is at the rate <strong>of</strong>18% per annum. It will be ineffect for calendar year 2012.The interest rate for overpaymentsis at the rate <strong>of</strong> 3.25% perannum. It will be in effect forcalendar year 2012.The rates for underpaymentsand overpayments are unchangedfrom calendar year2011. The Tax <strong>Division</strong> hasposted a list <strong>of</strong> historical interestrates on its website.Interest rates: 2007 2008 2009 2010 2011 2012Delinquencies 18% 18% 18% 18% 18% 18%Overpayments 8.25% 7.75% 5.00% 3.25% 3.25% 3.25%

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!