§ 44-30-71.2. Withholding of tax from lottery, pari-mutuel betting, video lottery terminal games and casino gaming winnings.
(a) Consistent with federal rules and regulations and procedures related to W-2G withholdings, the director of lotteries shall:
(1) Deduct and withhold from the prize money, of any person winning a prize from the state lottery; and
(2) Require the deduction and withholding from winnings from video lottery terminal games and casino gaming as defined in § 42-61.2-1 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.
History of Section.P.L. 1989, ch. 126, art. 21, § 1; P.L. 2019, ch. 88, art. 5, § 12.
Structure Rhode Island General Laws
Chapter 44-30 - Personal Income Tax
Section 44-30-71. - Requirement of withholding tax from wages.
Section 44-30-71.1. - Voluntary withholding of tax from military retirement payments.
Section 44-30-71.3. - Sale of real property by nonresidents — Withholding requirements.
Section 44-30-71.4. - Employee leasing companies — Payroll companies.
Section 44-30-72. - Withholding agreements.
Section 44-30-73. - Information statement for employee.
Section 44-30-74. - Credit for tax withheld.
Section 44-30-75. - Employer’s return and payment of withheld taxes.
Section 44-30-76. - Employer’s liability for withheld taxes — Violations — Penalties.
Section 44-30-77. - Employer’s failure to withhold.
Section 44-30-78. - Filing annual reconciliation of tax withheld.