2022 -- H 7331

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LC003398

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS --

CORPORATIONS - GENERAL PROVISIONS

     

     Introduced By: Representatives Casimiro, and Noret

     Date Introduced: February 04, 2022

     Referred To: House Corporations

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 7-1 of the General Laws entitled "Corporations - General Provisions"

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is hereby amended by adding thereto the following section:

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     7-1-27. State of emergency.

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     If a state of emergency declared in this or any other state or by the federal government

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renders substantial compliance with the provisions of title 7 impossible or unreasonable, the

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secretary of state may promulgate emergency rules and regulations to modify filing procedures and

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waive or compromise fees and/or penalty fees.

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     SECTION 2. Chapter 44-11 of the General Laws entitled "Business Corporation Tax" is

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hereby amended by adding thereto the following section:

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     44-11-2.4. State of emergency.

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     If a state of emergency declared in this or any other state or by the federal government

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renders substantial compliance with the provisions of ยง 44-11-2(e) impossible or unreasonable, the

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tax administrator may promulgate emergency rules and regulations to modify filing procedures and

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waive or compromise minimum corporate taxes.

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     SECTION 3. This act shall take effect upon passage.

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LC003398

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS --

CORPORATIONS - GENERAL PROVISIONS

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     This act would authorize the secretary of state and tax administrator during a declared state

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of emergency issued by this state, another state or the federal government and under circumstances

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in which it is impossible or unreasonable to comply with filing and/or minimum tax procedures, to

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promulgate emergency rules and regulations related to filing procedures.

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     This act would take effect upon passage.

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LC003398

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