RI S2815

Extends the timeframe for nonresident contractor tax audits from 30 days to 60 days, affecting how long 3% of contract payments must be withheld after project completion

Gives the tax administrator 60 days (up from 30) to issue either a certificate of no tax due or a certificate of taxes owed for sales/use tax or income tax withholding

Allows automatic release of withheld funds to the nonresident contractor if the tax administrator fails to respond within the 60-day period

Adds a new penalty provision making any person doing business with a nonresident contractor who fails to comply with withholding requirements liable for the taxes due and subject to state collection activities

Takes effect upon passage