Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 70 - Sales and Use Tax
Part 28 - Motor Vehicle and Non-Motorized Vehicle Taxes (280-RICR-20-70-28)
Section 280-RICR-20-70-28.14 - Transfer of Motor Vehicles via the Merging of Corporations

Current through September 18, 2024

A. The transfer of motor vehicles from merging corporations to the surviving corporation is not subject to the sales and use tax. The term "purchased from any retailer" (R.I. Gen. Laws § 44-18-20) as well as the term "purchased from other than licensed motor vehicle dealer" (R.I. Gen. Laws § 44-18-21) implies a contract of sale or exchange. However, in the case of mergers, the ownership of property, including motor vehicles, vests in the surviving corporation by operation of law. In such cases, there being no contract of sale or exchange relative to the motor vehicles, the tax is not applicable to such a transaction.

B. Where a vehicle is transferred through a merger, a duly certified copy of the MERGER or CONSOLIDATION AGREEMENT on file with the Secretary of State must be submitted along with the form of sales or use tax exemption certificate. A certified copy of such agreement, furnished by the Secretary of State or by his deputy, shall constitute evidence of such merger or consolidation.

C. A complete list of all motor vehicles for which registration is thus sought must also be submitted containing the make, year, model, motor or serial number and proof that the use tax was paid.

Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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