Rhode Island § 44-15-5 § 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies.

Rhode Island Statutes

§ 44-15-5 — § 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies.

Rhode Island § 44-15-5

Title 44Taxation

Ch. 44-15Tax on Bank Deposits Generally

This text of Rhode Island § 44-15-5 (§ 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies.) 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 § 44-15-5 (2026).

Text

§ 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies.
(a) Each banking institution or credit union, on or before June 15 in each year, shall
            file a return with the tax administrator in the form and containing the information
            as he or she shall prescribe, and shall at the same time pay the tax imposed under
            this chapter.
         
(b) Upon the filing of the return, the tax administrator shall examine it and determine
            whether the correct amount of tax has been paid and shall assess and collect any additional
            tax found to be due.
         
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§ 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies.

(a) Each banking institution or credit union, on or before June 15 in each year, shall file a return with the tax administrator in the form and containing the information as he or she shall prescribe, and shall at the same time pay the tax imposed under this chapter.

(b) Upon the filing of the return, the tax administrator shall examine it and determine whether the correct amount of tax has been paid and shall assess and collect any additional tax found to be due.

(c) Any tax not paid when due shall bear interest at the annual rate provided by § 44-1-7 until paid.

(d) Each banking institution, or credit union, on or before January 15 following the close of the taxable year, shall file a report with the tax administrator in the form and containing the information as the tax administrator shall prescribe.

Legislative History

G.L. 1896, ch. 29, §§ 3, 4; P.L. 1908, ch. 1590, §§ 79, 80; G.L. 1909, ch. 39, §§ 3, 4; P.L. 1919, ch. 1775, § 1; P.L. 1920, ch. 1905, §§ 1, 2; G.L. 1923, ch. 37, §§ 3, 4; G.L. 1938, ch. 40, §§ 1-3; P.L. 1942, ch. 1212, art. 8, § 1; G.L. 1956, §§ 44-15-5, 44-15-7; P.L. 1958, ch. 166, § 1; P.L. 1968, ch. 263, art. 13, § 1; P.L. 1971, ch. 8, art. 4, § 2; P.L. 1986, ch. 410, § 1; P.L. 1992, ch. 133, art. 29, § 1; P.L. 1992, ch. 388, § 5.