Rhode Island § 42-64.11-5 § 42-64.11-5. Tax on employing unit.

Rhode Island Statutes

§ 42-64.11-5 — § 42-64.11-5. Tax on employing unit.

Rhode Island § 42-64.11-5

Title 42State Affairs and Government

Ch. 42-64.11Jobs Growth Act

This text of Rhode Island § 42-64.11-5 (§ 42-64.11-5. Tax on employing unit.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.11-5 (2026).

Text

§ 42-64.11-5. Tax on employing unit.
For any taxable year beginning in a credit year, each employing unit (within the meaning
            of § 28-42-3(17) that is a certified company or one of its affiliated entities shall each pay a tax
            equal to five percent (5%) of the aggregate performance-based compensation paid to
            its eligible employees for the credit year. The tax shall be reported at the same
            time as tax on the employing unit may be due to be reported under chapter 11, 13,
            13.1, 14, or 17 of title 44, or, if the employing unit is not taxable under those
            chapters, at such time as the tax administrator may prescribe. The tax imposed by
            this sec

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§ 42-64.11-5. Tax on employing unit.

For any taxable year beginning in a credit year, each employing unit (within the meaning of § 28-42-3(17) that is a certified company or one of its affiliated entities shall each pay a tax equal to five percent (5%) of the aggregate performance-based compensation paid to its eligible employees for the credit year. The tax shall be reported at the same time as tax on the employing unit may be due to be reported under chapter 11, 13, 13.1, 14, or 17 of title 44, or, if the employing unit is not taxable under those chapters, at such time as the tax administrator may prescribe. The tax imposed by this section shall not be offset by credits provided under those sections or any other provision of law.