Proposed regulation on combined reporting

The Rhode Island Division of Taxation has posted a proposed corporate tax regulation involving mandatory unitary combined reporting.

It is a revised version of the proposed regulation for which a public hearing was held last month. Although there are no major differences between the versions, there are enough differences to warrant a re-posting and a second public hearing, said Acting Tax Administrator Neena S. Savage.

“We believe that stakeholders will find no major differences, but we nevertheless are re-posting the regulation and scheduling a second public hearing in the interest of transparency, and to keep everyone informed,” she said.