Combined Reporting Study

STATE of RHODE I HOPE ISLAND Department of Revenue Division of Taxation Current Corporate Tax System A corporation that derives all its income from sources within Rhode Island must apportion its entire net income to this state (§44-11-13). ☐ A corporation that derives income from two or more states must apportion its income to Rhode Island for corporate income tax. Generally, corporations use a three-factor apportionment formula taking into account the corporation's sales, property, and payroll (§44-11- 14). 4

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