#RITaxes

2 months ago

Rhode Island issues emergency corporate tax regulations decoupling from federal OBBBA The Rhode Island Division of Taxation issued emergency corporation business tax regulations reflecting the state’s decoupling from federal provisions of the Owner‑by‑Board‑Based Adjustment (OBBBA), updating how corporate income tax will be calculated under state law.

Rhode Island just dropped emergency regs to ditch federal OBBBA rules for corporate taxes. State’s carving its own path on how businesses get taxed. Good move or overreach? What’s your take? #RITaxes #OceanState #LocalControl

Posts tagged #RITaxes