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West Virginiacorporate tax inRhode Island
Moderate — top rate 5–7.99%

Rhode Island

Top Rate
7%
Rate Structure
Flat
Franchise Tax
Yes
Gross Receipts Tax
No
S-Corp Recognized
Yes

Corporate Income Tax Rate at a Glance

Rhode Island's top corporate income tax rate is 7%, applied as a flat rate. This places Rhode Island in the "Moderate (5–7.99%)" tier among U.S. states.

Rate Structure (Flat vs. Graduated)

7.0% flat corporate income tax rate. $400 minimum tax applies even if no income or operating at a loss.

Franchise Tax / Annual Privilege Tax

Rhode Island imposes a $400 minimum corporate tax (functions as a franchise tax / minimum business tax) on all corporations and LLCs taxed as corporations doing business in RI.

S-Corp & Pass-Through Treatment

Rhode Island recognizes federal S-corp election but RI S-corps still pay the $400 minimum tax. Pass-through entities may elect to pay tax at the entity level at 5.99% under RI's PTE election.

Official State Revenue Department

For current corporate tax rules in Rhode Island, consult the state's official source at https://tax.ri.gov/. Rates and rules change annually — verify with a qualified tax professional before taking any action.

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Related guides

Rhode Island Department of Revenue: https://tax.ri.gov/
Law last updated: 2025Row last reviewed: May 9, 2026

Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.