Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 25 - Business Corporation Tax
Part 12 - Consolidated Returns (280-RICR-20-25-12)
Section 280-RICR-20-25-12.1 - Conditions for Filing
Universal Citation: 280 RI Code of Rules 20 25 12.1
Current through September 18, 2024
A. An affiliated group of corporations may file a consolidated return for the taxable year provided that each member corporation:
1. is
not a Foreign Sales Corporation (FSC), Domestic International Sales Corporation
(DISC), a Subchapter S corporation, or is not a corporation as described in
R.I. Gen. Laws §§
44-11-2(2)(a)
or
44-11-2(2)(b),
and
2. is subject to taxation under
R.I. Gen. Laws Chapter 44-11, and
3. has the same fiscal period, and
4. was affiliated at any time during the
taxable year, and
5. consents to
such filing and gives written notice thereof to the Tax Administrator no later
than the 15th day of the third month following the close of the fiscal year,
and joins in the filing of such consolidated return.
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