Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 25 - Business Corporation Tax
Part 10 - Combined Reporting (280-RICR-20-25-10)
Section 280-RICR-20-25-10.18 - Estimated Tax

Universal Citation: 280 RI Code of Rules 20 25 10.18

Current through September 18, 2024

A. The provisions of R.I. Gen. Laws Chapter 44-26, "Declaration of Estimated Tax by Corporations," shall apply to a combined group engaged in a unitary business - and to each member of such a group.

B. Notwithstanding any other provisions of R.I. Gen. Laws § 44-26-2.1, any taxpayer required to file a combined return in accordance with R.I. Gen. Laws § 44-11-4.1 et seq. in a tax year beginning on or after January 1, 2015, shall compute estimated payments for that tax year as follows:

1. The installments must equal one hundred percent (100%) of the tax due for the prior year plus any additional tax due to the combined reporting provisions under R.I. Gen. Laws § 44-11-4.1; or

2. The installments must equal one hundred percent (100%) of the current year tax liability.

C. The provisions of § 10.18 of this Part shall also apply to affiliated groups making the federal consolidated group election for Rhode Island combined reporting purposes (as described in § 10.9 of this Part).

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