The Rhode Island Division of Taxation on November 25, 2014, posted two documents involving the corporate income tax:
- a draft regulation on combined reporting, and
- a draft statement of principles on the application of corporate tax changes.
Comments on those working drafts, also known as exposure drafts, were initially due December 8, 2014. However, in response to requests from multiple stakeholders, Tax Administrator David M. Sullivan today extended the due date for comments to December 22, 2014. “This is a busy time of year, and these are complex documents that take time to review,” Sullivan said. “We want to give stakeholders ample time to reflect on the documents and provide us with their valuable input.”
To view the documents, please click here.