Rhode Island H7397 repeals the corporation minimum tax.

Rhode Island H7397 repeals the corporation minimum tax, which previously required corporations to pay a minimum tax regardless of their net income. The bill amends the General Laws to remove this minimum tax requirement, affecting corporations subject to the Rhode Island income tax. The change takes effect upon passage of the bill.

Rhode Island H7397 repeals the corporation minimum tax.

Rhode Island H7397 repeals the corporation minimum tax, which previously required corporations to pay a minimum tax regardless of their net income. The bill amends the General Laws to remove this minimum tax requirement, affecting corporations subject to the Rhode Island income tax. The change takes effect upon passage of the bill.