280 R.I. Code R. 280-RICR-20-25-5.5

Current through October 25, 2024

Section 280-RICR-20-25-5.5 - Definitions

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.

280 R.I. Code R. 280-RICR-20-25-5.5