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Rhode Island General Laws — Title 44 (Taxation)

R.I. Gen. Laws § 44-13-1

Domestic corporations subject to tax — “Gross earnings” defined — Deductions

Official textwebserver.rilegislature.govlast amended

# (a)

Every corporation enumerated in § 44-13-4, incorporated under the laws of this state, shall annually pay a tax or excise to the state for the privilege of existing as a corporation during any part of the preceding calendar year. The tax shall be in addition to any tax upon its real estate and tangible personal property locally or otherwise assessed and shall be measured by its gross earnings, determined as provided, for the preceding calendar year or for the portion of the year that the corporation has been incorporated and shall be computed at the rates prescribed in § 44-13-4; provided, that the Narragansett Pier Railroad Company, a corporation incorporated under the laws of the state of Rhode Island, shall not be subject to any tax imposed by the provisions of this chapter in any year until and unless the net receipts of the railroad applicable to dividends or other form of distribution of corporate earnings shall in the year amount to a sum that is not less than four percent (4%) of the aggregate valuation of the property of the railroad as determined by the public utility administrator.

# (b)

“Gross earnings” includes all income of the same types as are classified as operating revenues by the public utilities control authority in the uniform systems of accounts prescribed by the authority for operations, whether or not the corporation is regulated by the public utilities control authority, except those subject to the Rhode Island business corporation tax, within the tax year and, with respect to each company, all income classified in the uniform systems of accounts as income from merchandising, jobbing, and contract work, income from nonutility operations and revenues from transfer, sale, or lease of tangible, intangible, or real property not devoted to utility operation, and receipts from the sale of residuals and other by-products obtained in connection with the production of gas, electricity, or steam. No deductions shall be allowed from the gross earnings for any commission, rebate, or other payment, except a refund resulting from an error or overcharge, and those specifically mentioned in § 44-13-5, and in the case of every corporation subject to tax under § 44-13-4(4), fifty percent (50%) of all amounts paid during the period July 1, 1987 to June 30, 1988 and one hundred percent (100%) of all amounts paid during the period July 1, 1988 and thereafter by a corporation to another corporation for connecting fees, switching charges, and carrier access charges shall be included in the gross earnings of the company to which they are paid and shall be deducted from the gross earnings of the paying company.

Amendment history

History of Section. P.L. 1942, ch. 1212, art. 6, § 1; G.L. 1956, § 44-13-1; P.L. 1978, ch. 163, § 1; P.L. 1985, ch. 181, art. 62, § 1.

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In this chapter (40 sections)
  1. 44-13-1 · Domestic corporations subject to tax — “Gross earnings”…
  2. 44-13-2 · Foreign corporations subject to tax
  3. 44-13-2.1 · Public service companies subject to tax
  4. 44-13-2.2 · Gross earnings of certain corporations and public service…
  5. 44-13-3 · Minimum tax
  6. 44-13-4 · Rate of taxation
  7. 44-13-5 · Deductions for merchandise sales and alternative fuel
  8. 44-13-6 · Due date of annual return
  9. 44-13-7 · Extension of time for filing of returns
  10. 44-13-8 · Statements, returns, and rules and regulations
  11. 44-13-9 · Entire gross earnings of business wholly within state
  12. 44-13-10 · Apportionment of earnings from business partially within…
  13. 44-13-11 · Liability of fiduciaries
  14. 44-13-12 · Intangibles exempt from taxation — Corporation whose…
  15. 44-13-13 · Taxation of certain tangible personal property
  16. 44-13-13.1 · Personal property tax — Application of aggrieved party…
  17. 44-13-13.2 · Personal property tax — Application to recover
  18. 44-13-14 · Exemption of securities from taxation
  19. 44-13-15 · Determination and payment of tax
  20. 44-13-16 · Claim for refund — Hearing upon denial
  21. 44-13-17 · Interest on delinquent payments
  22. 44-13-18 · Lien on real estate
  23. 44-13-19 · Supplemental returns
  24. 44-13-20 · Power to summon witnesses
  25. 44-13-21 · Service of summons
  26. 44-13-22 · Enforcement of summons
  27. 44-13-23 · Determination of tax without return
  28. 44-13-24 · Pecuniary penalty for failure to file return
  29. 44-13-25 · Pecuniary penalty for false return
  30. 44-13-26 · Collection of pecuniary penalties
  31. 44-13-27 · Examination of records and witnesses
  32. 44-13-28 · Penalty for violations by corporation
  33. 44-13-29 · Penalty for violations by individuals
  34. 44-13-30 · Penalty for failure to file return or statement
  35. 44-13-31 · Hearing on application by corporation
  36. 44-13-32 · Appeals
  37. 44-13-33 · Collection by writ of execution
  38. 44-13-34 · Severability
  39. 44-13-35 · Gross earnings exempt from the public service corporation tax
  40. 44-13-36 · Public service corporation tax included in utility rates
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