- Legislation enacted in June 2014 established mandatory unitary combined reporting, single sales factor apportionment, and market-based sourcing for tax years beginning on or after January 1, 2015.
- The Division of Taxation is drafting regulations and other documents in order to provide guidance to practitioners, taxpayers, and other stakeholders about the changes.
- The Division of Taxation will post the regulations and other documents as they become available.
|Report on tax changes||Results of corporate tax changes enacted in 2014||View|
|Schedule CRS||Combined Reporting Schedule for 2015 Form RI-1120C||View|
|Schedule CRS instructions||Combined Reporting Schedule instructions for 2015||View|
|FAQs on combined reporting and related topics||Practical matters for corporations and tax professionals||View|
|Combined reporting -- final regulation||Final regulation on mandatory unitary combined reporting.||View|
|Combined reporting -- proposed regulation||Re-posted with minor changes. Hearing on February 22, 2016.||View|
|Apportionment regulation||Posted as final. 12/23/15||View|
|Nexus regulation||Posted as final. 12/23/15||View|
|Apportionment -- proposed regulation -- redline draft||Highlights changes between most recent exposure draft and current proposed regulation. 12/02/15||View|
|Combined reporting -- proposed regulation -- redline draft||Highlights changes between most recent exposure draft and current proposed regulation. 12/02/15
|Apportionment -- proposed regulation||Proposed 11/13/15 (modified 11/16/15 to change email address)||View|
|Combined reporting -- proposed regulation||Proposed 11/13/15 (modified 11/16/15 to change email address)||View|
|Nexus -- proposed regulation||Proposed 11/13/15 (modified 11/16/15 to change email address)||View|
Apportionment -- Draft Regulation
|Exposure draft of proposed regulation on apportionment of net income for corporate income tax purposes. (Includes single sales factor apportionment and market-based sourcing.) 09/01/15||View|
|Nexus -- Draft Regulation||Exposure draft -- nexus for business corporation tax. 09/01/15||View|
|Combined Reporting -- Draft Regulation||Exposure draft of proposed regulation on combined reporting. 11/25/14 Update: Comments due on or before December 22, 2014.||View|
|Statement of Principles -- Draft||Exposure draft of proposed statement on tax changes. 11/25/14 Update: Comments due on or before December 22, 2014.||View|
|Summary of Legislative Changes||Summary of enacted changes to corporate tax law. 06/27/14||View|
|Rhode Island Public Law 2014, ch. 145, art. 12||Legislative text of corporate tax changes as enacted. 06/19/14||View|
|Presentation to House Finance||PowerPoint slides as presented to House Finance. 04/10/14 (Includes data on impact of single sales factor on filers not required to file as combined group)||View|
|Presentation to Senate Finance||PowerPoint slides as presented to Senate Finance. 03/18/14||View|
|Combined Reporting -- Study||Final version as delivered to General Assembly leadership. 03/14/14||View|
|Combined Reporting (pro forma) - Regulation||Final regulation on pro forma combined reporting. 12/31/11 [Repealed; applied to TY 2011 and 2012]||View|
|Combined Reporting (pro forma) - Statute||Statute mandating pro forma combined reporting study. 06/30/11 [Repealed; applied to TY 2011 and 2012]||View|
Note: Additional documents will be posted to this page when available.