LegalFix
Sign In

Section 44-11.1-2 Imposition of tax.

RI Gen L § 44-11.1-2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§ 44-11.1-2. Imposition of tax. Each political organization shall annually pay to the state a tax equal to seven and one-half percent (7.5%) of political organization taxable income, as defined under § 527(c) of the Internal Revenue Code; provided, that no tax shall be payable or a tax return filed under this section unless the political organization has at least one hundred dollars ($100) or more of political organization taxable income under § 527(c) of the Internal Revenue Code.

History of Section. (P.L. 2010, ch. 136, § 1.)

Previous Section
Section 44-11.1-1 Definitions.
Next Section
Section 44-11.1-3 Filing of tax returns - Due date.