§ 44-11-1. Definitions. For the purpose of this chapter: (1)(a) “Captive REIT” means a corporation, trust or association: (i) That is considered a real estate investment trust for the taxable year under section 856 of the Internal Revenue Code; (ii) That is not regularly traded on an established securities market; and (iii) More than fifty […]
§ 44-11-10. Returns and statements required to show whether corporation liable. The tax administrator may, whenever in his or her judgment if it is necessary, require any corporation, association, or organization, by notice served upon it, to make a return, render statements, or keep records as the tax administrator deems sufficient to show whether or […]
§ 44-11-11. “Net income” defined. (a)(1) “Net income” means, for any taxable year and for any corporate taxpayer, the taxable income of the taxpayer for that taxable year under the laws of the United States, plus: (i) Any interest not included in the taxable income; (ii) Any specific exemptions; (iii) The tax imposed by this […]
§ 44-11-11.1. Amortization of air or water pollution prevention or hazardous solid waste control facilities. (a)(1) General rule. Every taxpayer, at his or her election, is entitled to a deduction with respect to the amortization of the adjusted basis, for determining gain, of any treatment facility, as defined in subsection (d) of this section, based […]
§ 44-11-11.2. Definition of “treatment facility”. For the purpose of § 44-11-11.1(a) and (h), “treatment facility” also means any tangible personal property exempt from taxation under § 44-3-3(26). History of Section.P.L. 1985, ch. 363, § 3.
§ 44-11-11.3. Accelerated amortization deductions for certain manufacturers. (a) Any taxpayer engaged in manufacturing activities in Rhode Island that has on the average over the five (5) previous years annually produced goods at facilities located in Rhode Island which generate net sales of at least ten million dollars ($10,000,000) and where on the average at […]
§ 44-11-12. Dividends and interest excluded from net income. There shall not be included in a taxpayer’s net income: (1) Dividends received from the shares of stock of: (i) Any banking institution liable to a tax under chapter 14 of this title; or (ii) Any corporation liable to a tax imposed by this chapter; or […]
§ 44-11-13. Entire net income of business wholly within state. In the case of a taxpayer deriving all its income from sources within this state or engaging in activities or transactions wholly within this state for the purpose of profit or gain, or where the taxpayer does not have a regular place of business outside […]
§ 44-11-14. Allocation of income from business partially within state. (a) In the case of a taxpayer deriving its income from sources both within and outside of this state or engaging in any activities or transactions both within and outside of this state for the purpose of profit or gain, its net income shall be […]
§ 44-11-14.1. Certified facility apportionment exclusion. (a) In the event that the taxpayer has a Rhode Island facility which is both certified and registered by the United States Food and Drug Administration (USFDA) and is considered manufacturing as defined by the US Standard Industrial Classification Code(s)(SIC Code) 283, and 384, the taxpayer may exclude from […]
§ 44-11-14.2. Allocation and apportionment of regulated investment companies and securities brokerage services. (a) Notwithstanding any other provisions of the general laws, any taxpayer located within the state which sells management, distribution or administration services (including without limitations, transfer agent, fund accounting, custody and other similar or related services) as described in this section to […]
§ 44-11-14.3. Credit card banks — Allocation and apportionment of income. Notwithstanding any other provisions of the general laws, any banking institution whose business activities are taxable within and outside of this state and whose activities are limited to those described in Section 2(c)(2)(F) of the Bank Holding Company Act (12 U.S.C. § 1841(c)(2)(F)) may […]
§ 44-11-14.4. Allocation and apportionment — Retirement and pension plans. Notwithstanding any provisions of this chapter, any taxpayer located within the state that sells management, distribution or administration services, including without limitations, transfer agent, fund accounting, custody and other similar or related services, as described in this section to or on behalf of an employee […]
§ 44-11-14.5. International investment management service income. (a) Notwithstanding any other provisions of the general laws, any qualified taxpayer located within the state which sells international investment management services to non-U.S. persons or non-U.S. investment funds shall exclude from its net income any income derived directly or indirectly from the sale of international investment management […]
§ 44-11-14.6. Allocation and apportionment — Manufacturers. Notwithstanding any other provision of the general laws, a taxpayer, as described in § 44-11-14(a), whose principal business is described in sector 31, 32, or 33 of the North American Industry Classification System, as adopted by the United States Office of Management and Budget and as revised from […]
§ 44-11-15. Variation of method of allocating income. If at any time the tax administrator, on his or her own motion or acting upon a complaint by a taxpayer, determines that the methods of allocation provided are inequitable either to the state or to the taxpayer, the tax administrator, after affording the taxpayer reasonable opportunity […]
§ 44-11-16 — 44-11-18. Repealed. History of Section.G.L. 1938, ch. 37, §§ 7, 8; P.L. 1947, ch. 1887, art. 1, § 1; P.L. 1950, ch. 2601, § 1; P.L. 1974, ch. 200, art. 2, §§ 1, 2a; P.L. 1987, ch. 563, § 1; Repealed by P.L. 1975, ch. 188, art. 1, § 3 and P.L. […]
§ 44-11-19. Supplemental returns — Additional tax or refund. (a) Any taxpayer who or that fails to include in the return any items of income or assets or any other information required by this chapter or by regulations prescribed in pursuance of this chapter shall make a supplemental return disclosing these facts. Except in the […]
§ 44-11-2. Imposition of tax. (a) Each corporation shall annually pay to the state a tax equal to nine percent (9%) of net income, as defined in § 44-11-11, qualified in § 44-11-12, and apportioned to this state as provided in §§ 44-11-13 — 44-11-15, for the taxable year. For tax years beginning on or […]
§ 44-11-2.1. Surtax. Each corporation whose taxable year ends on or after March 31, 1991 and before January 1, 1994 shall annually pay to the state a surtax of 11% on the amount of the tax computed under § 44-11-2. The surtax shall be added to the amount of the tax computed under § 44-11-2 […]
