Rhode Island compliance at a glance
- Sales tax: 7.00% state rate. State 7%; uniform, no local. Some services taxable.
- Late fees: Up to 1.5% per month. (R.I. Gen. Laws §6-26-2) Civil usury cap 21%/yr or 9% over Treasury Bill, whichever is higher.
- Written contracts: Required for jobs over $1,000.
- Prompt-pay law: Rhode Island Prompt Payment Act (R.I. Gen. Laws §42-11.1; §34-24 for construction). Construction subs paid within 30 days of GC receiving payment.