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Excerpt
Rhode Island Enacts Significant Tax Reforms. Michael Porter, October 2014, Paper. "Rhode Island Governor Lincoln Chafee recently signed into law the fiscal 2015 Budget, Bill No. H 7133 SUB A as amended (H.B. 7133). The new law substantially modifies and reforms various aspects of the Rhode Island Tax Law. For tax years beginning on or after Jan 1, 2015, Rhode Island will require each C corporation that is a part of a unitary business with one or more corporations to file a combined report. Any corporation not incorporated in the US (non-US corporation) is excluded from the combined group if the sales factor of such..."