Rhode Island General Laws — Title 44 (Taxation)
R.I. Gen. Laws § 44-18.1-37 — Monetary allowance for Model 2 sellers
The member states initially anticipate that they will provide a monetary allowance
to sellers under Model 2 based on the following:
(A) All sellers shall receive a base rate for a period not to exceed twenty-four months
following the commencement of participation by a seller. The base rate will be set
after the base rate has been established for Model 1. This allowance will be in addition
to any discount afforded by each member state at the time.
(B) The member states anticipate a monetary allowance to a Model 2 Seller based on the
following:
(1) For a period not to exceed twenty-four months following a voluntary sellerâs registration
through the Agreementâs central registration process, a percentage of tax revenue
generated for a member state by the voluntary seller for each member state for which
the seller does not have a requirement to register to collect the tax.
(2) Following the conclusion of the twenty-four month period, a seller will only be entitled
to a vendor discount afforded under each member stateâs law at the time the base rate
expires.
Source: official text