Rhode Island: corporate income tax, no franchise tax and an annual report due by May 1.
Each fact below cites the agency page we read and the day we read it. Where a rule is still being confirmed, the page says so instead of showing a zero.
Verified facts
Corporate income tax
Yes
7% of net income apportioned to Rhode Island, or the minimum tax of $400, whichever yields the greater tax
Franchise or privilege
No
Entity annual report
Yes
annual · Must be filed by May 1 each year, beginning the calendar year after registration
Return due date
Published rule
15th day of the fourth month following the close of the taxable year (April 15 for calendar-year filers)
Extension
Available
Zero activity / minimum tax
Every business corporation doing business in Rhode Island must file Form RI-1120C and is subject to the income tax with a minimum of $400, regardless of the tax computed on income.
Long-form guide in professional review
Dates, extensions and payments
Filing and payment dates stay separate wherever the source supports it.
- Filing
Return filing
15th day of the fourth month following the close of the taxable year (April 15 for calendar-year filers)
Non-June 30 fiscal year ends use the same 15th day of the fourth month rule. June 30 fiscal year end filers: 15th day of the third month after close (September 15).
- Extension
Extension
Does not extend paymentMust be requested
- Entity report
Entity report
annualMust be filed by May 1 each year, beginning the calendar year after registration
Email me the Rhode Island guide
We send you this page with its sources, and we tell you if a date changes.
Frequently asked questions
Does Rhode Island impose a corporate income tax?
Yes. 7% of net income apportioned to Rhode Island, or the minimum tax of $400, whichever yields the greater tax Form: Form RI-1120C, Business Corporation Tax Return.
Does Rhode Island charge a franchise or privilege tax?
No. The official source consulted does not impose a franchise tax on corporations.
When is the Rhode Island corporate return due?
15th day of the fourth month following the close of the taxable year (April 15 for calendar-year filers)
Does an extension also postpone the tax payment?
No. The extension moves the filing date, not the payment date; unpaid tax can accrue penalty and interest.
Related states
Chosen because their corporate filing profile matches this one.
Browse all 51 states and D.C.