Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 25 - Business Corporation Tax
Part 5 - Estimated Tax Payments (280-RICR-20-25-5)
Section 280-RICR-20-25-5.5 - Definitions
Universal Citation: 280 RI Code of Rules 20 25 5.5
Current through March 20, 2024
A. "Advance" means a sum equal to one hundred percent (100%) of the full amount of the tax that a corporation estimates it will be required to pay under the provisions of any of the R.I. Gen. Laws Chapters 44-11, 44-11.1, 44-13, 44-14, 44-15, 44-17, and 27-3, or in any changes and amendments of those Chapters.
B. "Corporation" means every corporation, utility, banking institution, insurance company, organization, association, or individual subject to taxation under R.I. Gen. Laws Chapters 44-11, 44.11.1, 44-13, 44-14, 44-15, 44-17, and 27-3, or under any changes and amendments of those chapters.
C. "Taxable year," means:
1. For entities taxed under R.I. Gen.
Laws Chapter 44-11, or 44-11.1, the calendar year or fiscal year for which a
return is filed; and
2. For
entities taxed under R.I. Gen. Laws Chapter 44-14, referred to as "income
period", the calendar year or the fiscal year, or portion of the year to be
covered by the filing; and
3. For
entities taxed under R.I. Gen. Laws Chapters 44-13, 44-15, 44-17, or 27-3, the
calendar year ending December 31st of each year.
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