Rhode Island legislation includes reduced corporate tax rate, combined reporting and single sales factor

May 2014

Overview

On May 7, 2014 the Rhode Island Senate introduced S.B. 2988 that would reduce the corporate income tax rate from 9 percent to 7 percent, adopt a single sales factor apportionment formula and implement combined reporting for multi-state corporations.  The changes are effective for tax years beginning on or after January 1, 2015.

Return to Tax research and insights

Contact us

Peter Michalowski
National SALT Practice Leader
Tel: +1 (646) 471 5259
Email

Follow us