§ 44-30-59 - Report of change in federal taxable income. - Rhode Island Statutes

SECTION 44-30-59

   § 44-30-59  Report of change in federaltaxable income. – Subject to regulations of the tax administrator, if the amount of a taxpayer'sfederal taxable income reported on his or her federal income tax return for anytaxable year beginning on or after January 1, 1971, is changed or corrected bythe United States Internal Revenue Service or other competent authority, or asthe result of a renegotiation of a contract or subcontract with the UnitedStates, the taxpayer shall report the change or correction in federal taxableincome within ninety (90) days after the final determination of the change,correction, or renegotiation, or as otherwise required by the taxadministrator, and shall concede the accuracy of the determination or statewherein it is erroneous. Any taxpayer filing an amended federal income taxreturn shall also file within ninety (90) days thereafter an amended RhodeIsland personal income tax return and shall give any information that the taxadministrator may require.