Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 55 - Personal Income Tax
Part 3 - Credit for Income Taxes of Other States (280-RICR-20-55-3)
Section 280-RICR-20-55-3.5 - Credit for Income Taxes of other States
Current through September 18, 2024
A. General
B. Out of State Adjusted Gross Income
C. Rhode Island Adjusted Gross Income
D. Calculation of Out-of-State Tax Credit with More Than One State
Federal AGI (RIAGI) |
$34,469. |
RI Tax |
$626. |
State 'A' AGI |
$15,983. |
Percentage: |
|
State 'A' AGI/Federal AGI |
0.4637 |
Limitation: |
|
Percentage x RI Tax |
0.4637 X $626 = $291 |
Personal Income Tax - State 'A' |
$653. |
Out-of-State Credit - State 'A' |
|
Smallest of RI tax, limitation, or tax paid to State A |
$291. |
Federal AGI (RIAGI) |
$34,469. |
RI Tax |
$626. |
State 'B' AGI |
$12,919. |
Percentage: |
|
State 'B' AGI/Federal AGI |
0.3748 |
Limitation: |
|
Percentage x RI Tax |
0.3748 X $626. = $235. |
Personal Income Tax - State 'B' |
$99. |
Out-of-State Credit - State 'B' |
|
Smallest of RI tax, limitation, or tax paid to State B |
$99. |
E. Partial Year Resident with a Rhode Island Out-of-State Tax Credit
F. The Tax Due and Payable from the Other State
G. Recomputation of an Out-of-State Tax Credit