The Rhode Island Division of Taxation today filed as final two regulations: one dealing with limited liability companies (LLCs), the other with a personal income tax credit for costs associated with residential lead removal or lead hazard reduction.
LLCs
Regulation
CT 13-14, “Business Corporation Tax -- Limited Liability Companies,” amends
and supersedes Regulation CT
12-14. It generally requires single-member LLCs which are disregarded entities
to obtain a federal employer identification number.
Lead removal
Regulation
CR 13-08, “Personal Income Tax – Tax Credits/Deductions – Residential Lead
Abatement Income Tax Credit,” amends and supersedes Regulation CR 95-08. It
generally updates the regulation to reflect provisions of current law.
