Rhode Island § 44-11-14.4 § 44-11-14.4. Allocation and apportionment — Retirement and pension plans.

Rhode Island Statutes

§ 44-11-14.4 — § 44-11-14.4. Allocation and apportionment — Retirement and pension plans.

Rhode Island § 44-11-14.4

Title 44Taxation

Ch. 44-11Business Corporation Tax

This text of Rhode Island § 44-11-14.4 (§ 44-11-14.4. Allocation and apportionment — Retirement and pension plans.) 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 § 44-11-14.4 (2026).

Text

§ 44-11-14.4. Allocation and apportionment — Retirement and pension plans.
Notwithstanding any provisions of this chapter, any taxpayer located within the state
            that sells management, distribution or administration services, including without
            limitations, transfer agent, fund accounting, custody and other similar or related
            services, as described in this section to or on behalf of an employee retirement plan
            or pension plan may elect the allocation and apportionment method for the taxpayer's
            net income provided for in this section. The election, if made, shall be irrevocable
            for successive periods of five (5) years. All net income derived directly a

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§ 44-11-14.4. Allocation and apportionment — Retirement and pension plans.

Notwithstanding any provisions of this chapter, any taxpayer located within the state that sells management, distribution or administration services, including without limitations, transfer agent, fund accounting, custody and other similar or related services, as described in this section to or on behalf of an employee retirement plan or pension plan may elect the allocation and apportionment method for the taxpayer's net income provided for in this section. The election, if made, shall be irrevocable for successive periods of five (5) years. All net income derived directly and indirectly from the sale of the management, distribution, or administration services to or on behalf of a retirement plan or pension plan, including net income received directly or indirectly from trustees, sponsors or participants of such a retirement plan or pension plan, shall be apportioned to Rhode Island only to the extent that the beneficiaries or participants of a retirement plan or pension plan are domiciled in Rhode Island as follows:

(1) Net income shall be multiplied by a fraction, the numerator of which shall be Rhode Island receipts from the services during the taxable year and the denominator of which shall be the total receipts everywhere from the services for the same taxable year.

(2) For the purposes of this section, Rhode Island receipts shall be determined by multiplying total receipts for the taxable year from a retirement plan or pension plan for which the services are performed by a fraction. The numerator of the fraction shall be the average of the number of total beneficiaries or participants of each retirement plan or pension plan domiciled in this state at the beginning of and at the end of taxable year of the taxpayer, and the denominator of the fraction shall be the average of the number of total beneficiaries or participants of the retirement plan or pension plan everywhere at the beginning of and at the end of each taxable year of the taxpayer.