Extends the timeframe for tax reviews of nonresident contractors and sets penalties for noncompliance.

This bill amends the General Laws to extend the period for the Division of Taxation to review cases involving nonresident contractors from 30 to 60 days. It also establishes a specific penalty for noncompliance with the statute's withholding requirements. Nonresident contractors are defined as those without a regular place of business in the state. The bill takes effect upon passage.

Extends the timeframe for tax reviews of nonresident contractors and sets penalties for noncompliance.

This bill amends the General Laws to extend the period for the Division of Taxation to review cases involving nonresident contractors from 30 to 60 days. It also establishes a specific penalty for noncompliance with the statute's withholding requirements. Nonresident contractors are defined as those without a regular place of business in the state. The bill takes effect upon passage.