Rhode Island Supreme Court Upholds Tax Refund Statute in Favor of Division of Taxation

The Rhode Island Supreme Court quashed the judgment of the District Court and ruled in favor of the Rhode Island Division of Taxation in a dispute over the interpretation of a tax refund statute. Taxpayers sought a refund for overpayment of their 2017 income taxes, but the refund claim was denied by the Division based on statutory time limitations. The court held that the plain language of the statute clearly limits refunds to taxes paid within three years from when the return was filed, not three years preceding the refund claim as the taxpayers argued. [Schmidt v. R.I. Div. of ...