[Ritaxpronews] Rhode Island Division of Taxation -- Corporate tax regulations

[Downing, Neil (DOR)]

The Rhode Island Division of Taxation today announced several actions involving corporate tax regulations.

Apportionment and nexus

The Division of Taxation this afternoon posted, as final, regulations involving apportionment and nexus for corporate income tax purposes. The regulations help to implement sweeping changes to the structure of the corporate income tax that were enacted in 2014 and that took effect for tax years beginning on or after January 1, 2015. The regulations will take effect January 12, 2016.

To view the apportionment regulation, please use the following link:
http://go.usa.gov/c8NRC

To view the nexus regulation, please use the following link:
http://go.usa.gov/c8NRd

Combined reporting

The Division of Taxation recently held a public hearing on a third corporate tax regulation, involving mandatory unitary combined reporting. The Division of Taxation is working on a revised version of that regulation and anticipates a re-posting, in January 2016.

Although there are no major differences between the version presented at the recent public hearing and the revised version, there are enough differences to warrant a re-posting and a second public hearing, said Acting Tax Administrator Neena S. Savage.

"We believe that stakeholders will find no major differences, but we nevertheless plan to re-post the regulation and schedule a second public hearing in the interest of transparency, and to keep everyone informed," she said. A date for the re-posting will be publicly announced once the revised version is completed.


Neil Downing
Chief Revenue Agent
Rhode Island Division of Taxation
One Capitol Hill
Providence R.I. 02908

Neil.Downing at tax.ri.gov<mailto:Neil.Downing at tax.ri.gov>
(401) 574-8115

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