Business Corporation Tax
16 sections in this chapter.
280-20-25-280-RICR-20-25-1 Amended Returns
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My Page Title1.1Purpose These rules implement R.I. Gen. Laws Chapter 44-11 with regard to filing amended returns. 1.2Authority These rules and regulations are promulgated by the Rhode Island Division of Taxation pursuant to R.I. Gen. Laws §§ 44-1-4 and 44-11-9. These rules and re…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-10 Combined Reporting
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My Page Title10.1PurposeThese rules and regulations implement R.I. Gen. Laws § 44-11-4.1 et seq., as well as other provisions of R.I. Pub. Laws 2014, Chapter 145, Art. 12, which changed the Rhode Island corporate income tax structure to one of mandatory unitary combined reporting…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-11 Ability to Apportion Net Income
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My Page Title11.1Ability to Apportion Net Income A.In accordance with R.I. Gen. Laws § 44-11-13, the following types of corporate activity will require that a corporation apportion 100% of its net income to Rhode Island: 1.Deriving all its income sources within Rhode Island; or 2…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-12 Consolidated Returns
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My Page Title12.1Conditions for Filing A.An affiliated group of corporations may file a consolidated return for the taxable year provided that each member corporation: 1.is not a Foreign Sales Corporation (FSC), Domestic International Sales Corporation (DISC), a Subchapter S corp…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-13 Net Operating Loss Deductions
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My Page Title13.1PurposeThese rules and regulations implement R.I. Gen. Laws § 44-11-11(b) which provide a Net Operating Loss Deduction. 13.2AuthorityThese rules and regulations are promulgated pursuant to R.I. Gen. Laws §§ 44-1-4 and 44-11-9. The rules and regulations have been …
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-14 Qualified Sub Chapter S Subsidiary Corporations
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My Page Title14.1PurposeThe purpose of this regulation is to implement R.I. Gen. Laws Chapter 44-11. This amendment requires a Sub Chapter S Corporation parent and its Qualified Sub Chapter S Subsidiaries to each obtain a federal employer identification number. 14.2 AuthorityThis…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-15 Treatment of Repatriated Income 2017
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My Page Title15.1PurposeThese rules and regulations implement various provisions of R.I. Gen. Laws Title 44 as they relate to the treatment of accumulated foreign income deemed repatriated under the federal law commonly known as the Tax Cuts and Jobs Act (Pub. Laws 115-97) and as…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-17 Modifications to Net Income Due to Decoupling from P.L. 119-21, H.R.1 (2025)
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My Page Title17.1PurposeA.This Regulation implements R.I. Gen. Laws § 44-11-11(a)(1)(viii), which amends the definition of net income for Rhode Island Business Corporation Tax purposes to include as increasing modifications certain federal income, deductions, or allowances that w…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-2 Rhode Island Jobs Development Act
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My Page Title2.1PurposeThese rules and regulations implement R.I. Gen. Laws Chapter 42-64.5. This Chapter grants incremental income tax rate reductions to companies that create new employment in this state.2.2AuthorityThese rules and regulations are promulgated pursuant to R.I. G…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-3 Exclusion of Distributive Share of Public Service Income
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My Page Title3.1PURPOSEThese rules and regulations implement R.I. Gen. Laws § 44-11-12(2). That Section allows a deduction of the distributive share of the taxable income of any public service corporation or company liable for the tax imposed under R.I. Gen. Laws Chapter 44-13 (P…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-4 Notice to Administrator of Sale of Assets, Letters of Good Standing
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My Page Title4.1Purpose The purpose of this regulation is to implement R.I. Gen. Laws §§ 44-11-29 and 44-11-29.1 that requires a corporation to notify the Tax Administrator if it is selling or transferring a major part in value of its Rhode Island assets other than in the ordinar…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-5 Estimated Tax Payments
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My Page Title5.1Purpose These rules and regulations implement R.I. Gen. Laws Chapter 44-26. That Chapter imposes under R.I. Gen. Laws Chapters 44-11, 44-11.1, 44-13, 44-14, 44-15, 44-17, and 27-3 a requirement that an entity pay a sum equal to the entire amount of its estimated t…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-6 Limited Liability Partnerships and Limited Partnerships
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My Page Title6.1PurposeThe purpose of these rules and regulations is to implement R.I. Gen. Laws §§ 7-12-60 and 7-13-69, which imposes on Limited Liability Partnerships (LLPs) and Limited Partnerships (LPs) a filing requirement and an annual charge equal to the minimum tax impose…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-7 Limited Liability Companies
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My Page Title7.1Purpose The purpose of these rules and regulations is to implement R.I. Gen. Laws §§ 7-16-67 and 7-16-73, which imposes an annual filing requirement on Limited Liability Companies (LLCs) and their members. 7.2AuthorityThis regulation is promulgated pursuant to R.I…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-8 Nexus
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My Page Title8.1Purpose These rules and regulations implement R.I. Gen. Laws §§ 44-11-1, 44-11-2, 44-11-4.1, 44-11-14, and other sections within R.I. Gen. Laws Chapters 44-11. These sections allow taxation of net income from businesses within and partially within the state. 8.2Au…
Chapter 280-20-25Open chapter PDF ↗280-20-25-280-RICR-20-25-9 Apportionment of Net Income
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My Page Title9.1Purpose These rules and regulations implement R.I. Gen. Laws §§ 44-11-13 through 44-11-15. These sections allow for apportionment of net income for businesses within and partially within the state. 9.2Authority These rules and regulations are promulgated pursuant …
Chapter 280-20-25Open chapter PDF ↗