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Combined reporting and related topics

  • 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.
Document Title Description 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
View
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.