§ 44-30-56 - Payments of estimated tax. - Rhode Island Statutes

SECTION 44-30-56

   § 44-30-56  Payments of estimated tax.– (a) General. The estimated Rhode Island personal income tax, in excessof any credits allowable against the tax, shall for each taxable year be paidnot later than as follows:

   SEE THE BOOK FOR THE PROPER TABLE.

   (b) Late declarations. If a declaration is filed afterthe due date, including the date fixed by an extension, the installment payableon or before the filing date shall be paid at that time. The remaininginstallment shall be due on the prescribed date.

   (c) Amendments of declaration. If an amendment of adeclaration is filed, any remaining installments shall be ratably increased ordecreased (as the case may be) to reflect any resultant increase or decrease inthe estimated Rhode Island personal income tax, in excess of any creditsallowable against the tax. If an amendment is made after September 15 of thetaxable year, any resultant increase shall be paid at the time of filing theamendment.

   (d) Fiscal year or short taxable year. This sectionshall apply to a taxable year other than a calendar year by the substitution ofthe months of a fiscal year for the corresponding specified months and shallapply to a taxable year of less than twelve (12) months under regulations ofthe tax administrator.

   (e) The payments of estimated tax shall be a credit againsttax for the taxable year as may appear on the tax return.