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Rhode Island Public Service Corporation Gross Earnings Tax Return
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with TurboTaxExtracted from PDF file 2023-rhode-island-form-t-72.pdf, last modified April 2012Public Service Corporation Gross Earnings Tax Return
State of Rhode Island Division of Taxation 2023 Form T-72 23111999990101 Public Service Corporation Gross Earnings Tax Return Name Federal employer identification number Address For the period ending: Address 2 City, town or post office State ZIP code E-mail address TYPE OF PUBLIC SERVICE CORPORATION: Please check the appropriate box below and complete the schedule that pertains to that public service type. All Public Service Corporations must complete schedule A before completing the appropriate tax type schedule. Telegraph Corporations Gas Corporations Express Corporations Dining, Sleeping, Chair or Parlor Schedule C Schedule E Schedule H Car Corporations - Schedule J Cable Corporations Electric Corporations Steamboat, Ferry, Toll Bridge Schedule C Schedule F or Water Corps - Schedule H Telecommunications Gas and Electric Corps Steam or Electric Railroad or Schedule D Schedules E, F and G Street Railway Corps - Sch I Schedule A - Analysis of Gross Earnings 1 Gross Earnings from Federal Form 1120, line 1c or Federal Form 1065, line 1c ... 2 Amount, if any, claimed not to be derived from operation (Itemized schedule of sources and amounts must be attached)................................................................. 1 2 3 Capital Investment Deduction.................................................................................. 3 4 TOTAL GROSS EARNINGS FROM OPERATION. Subtract lines 2 and 3 from line 1............................................... 5 Non-Rhode Island Gross Earnings ............................................................................................................................. 6 TOTAL RHODE ISLAND GROSS EARNINGS FROM OPERATION. Subtract line 5 from line 4.............................. 4 5 6 Schedule B - Amount of Tax Due 1 Amount of Tax Due from Tax Type Schedule........................................................... 2 RI Credits from Schedule B-CR, Business Entity Credit Schedule, line 19............. 3 Tax Due. Subtract line 2 from line 1, but not less than $100.00 MINIMUM TAX $100.00 4 5 6 7 8 1 2 3 2023 estimated tax payments and amount carried forward from 2022 tax return.... 4 Net Payment Due with Return. If line 3 is larger than line 4, subtract line 4 from line 3............................................. Interest due: (a) Late payment interest ___________ (b) Underestimating interest ___________ Total (a) + (b)................... Total due with return. Add lines 5 and 6...................................................................................................................... Overpayment. If line 4 is larger than line 3 and line 6, subtract line 3 and line 6 from line 4...................................... Amount of overpayment on line 8 to be credited to estimated tax for 2024 calendar year................................................. 5 6 7 8 9 9 10 Amount of overpayment on line 8 to be refunded. Subtract line 9 from line 8............................................................ 10 Schedule C - Telegraph and Cable Corporations 1 Gross Earnings from all sources within Rhode Island from Schedule A, line 6...... 1 2 Tax. Telegraph corporations multiply line 1 by the tax rate of 4% (0.04). Cable corporations multiply line 1 by the tax rate of 8% (0.08) Enter here and on Schedule B, line 1......................................................................................................... 2 Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Authorized officer signature Print name Date Telephone number Paid preparer signature Paid preparer address Print name City, town or post office Date State ZIP code Telephone number PTIN May the Division of Taxation contact your preparer? YES Rhode Island has an Electonic Mandate for filing a return and remitting a payment. See the Business Forms General Instructions for more information on the requirements and how to file and pay. Revised 08/2023 State of Rhode Island Division of Taxation 2023 Form T-72 23111999990102 Public Service Corporation Gross Earnings Tax Return Name Federal employer identification number Schedule D - Telecommunications Corporations - Attach copy of pages 1 and 2 of Federal 1120, Federal 1120S or Federal 1065 Return 1 Gross Earnings from operations within RI for calendar year ending 12/31/2023..... 2 Deductions. Rhode Island Bad Debt and Rhode Island Access Charges............... 1 3 Taxable Earnings. Subtract line 2 from line 1.......................................................... 3 2 4 Tax. Multiply line 3 by the tax rate of 5% (0.05). Enter here and on Schedule B, line 1............................................ 4 Schedule E - Gas Corporations 1 Entire gross earnings from RI sources including sales from Schedule A, line 6...... 1 2 Gross earnings from sale of gas and gas merchandise........................................... 2 3 Portion of such earnings representing merchandise sales...................................... 3 4 NET invoice price of such merchandise plus transportation costs prior to sales..... 4 5 Gas Basis Taxable Gross Earnings. Subtract line 4 from line 2.............................. 5 6 Amount of line 5 relating to manufacturing purposes for 2023............................... 6 7 Taxable Gross Earnings. Subtract line 6 from line 5............................................... 7 8 Gas Gross Earnings Tax. Multiply line 7 by the tax rate of 3% (0.03). GAS ONLY enter here and on Schedule B, line 1 8 Schedule F - Electric Corporations 1 Entire gross earnings from RI sources including sales from Schedule A, line 6...... 1 2 Gross earnings from sale of electric and electric merchandise............................... 2 3 Portion of such earnings representing merchandise sales...................................... 3 4 NET Invoice price of such merchandise plus transportation costs prior to sales..... 4 5 Electric Basis Taxable Gross Earnings Subtract line 4 from line 2.......................... 5 6 Amount of line 5 relating to manufacturing purposes for 2023............................... 6 7 Taxable Gross Earnings. Subtract line 6 from line 5............................................... 7 8 Electric Gross Earnings Tax. Multiply line 7 by the tax rate of 4% (0.04). ELECTRIC ONLY enter here and on Schedule B, line 1 8 Schedule G - Gas and Electric Corporations - Complete Schedules E and F first 1 Gas Gross Earnings Tax from Schedule E, line 8.................................................... 1 2 Electric Gross Earnings Tax from Schedule F, line 8............................................... 2 3 Total Tax. Add lines 1 and 2. Enter here and on Schedule B, line 1.......................................................................... 3 Schedule H - Steamboat, Ferry, Toll Bridge, Water or Express Corporations 1 Entire gross earnings from RI sources including sales from Schedule A, line 6...... 1 2 Tax. Steamboat, ferry, toll bridge and water corporations multiply line 1 by the tax rate of 1.25% (0.0125). Express corporations multiply line 1 by the tax rate of 4% (0.04). Enter here and on Schedule B, line 1.................. 2 Schedule I - Steam or Electric Railroad or Street Railway Corporations 1 Total mileage of tracks within RI operated by such utility for steam or electric railroad or street railway purposes, exclusive of sidings and turnouts, on 12/31/2023 1 2 Total mileage of tracks both within and without Rhode Island operated by such utility for steam or electric railroad or street railway purposes, exclusive of sidings and turnouts, on 12/31/2023.................................................................................. 2 3 Proportion in Rhode Island. Divide line 1 by line 2 and carry to 6 decimal places. 3 4 Entire Gross Earnings from Operation from Schedule A, line 4.............................. 4 5 Gross Earnings Apportioned to Rhode Island. Multiply line 4 by the line 3............ 5 _._ _ _ _ _ _ 6 Tax. Multiply line 5 by the tax rate of 1.25% (0.0125). Enter here and on Schedule B, line 1 ................................. 6 Schedule J - Dining, Sleeping, Chair or Parlor Car Corporations 1 Number of miles within Rhode Island cars were operated during 2023................. 1 2 Number of miles both within and without RI cars were operated during 2023....... 2 3 Proportion in Rhode Island. Divide line 1 by line 2 and carry to 6 decimal places.. 3 4 Entire Gross Earnings from Operation from Schedule A, line 4............................... 4 5 Gross Earnings Apportioned to Rhode Island. Multiply line 4 by the line 3............. 5 _._ _ _ _ _ _ 6 Tax. Multiply line 5 by the tax rate of 1.25% (0.0125). Enter here and on Schedule B, line 1................................... 6 Return is due on or before the 15th day of the 4th month following the end of the taxable year except for for filers with a fiscal year end of June 30. The due date for those filers is September 15.
2023 T-72
More about the Rhode Island Form T-72 Corporate Income Tax TY 2023
We last updated the Public Service Corporation Gross Earnings Tax Return in February 2024, so this is the latest version of Form T-72, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form T-72 directly from TaxFormFinder. You can print other Rhode Island tax forms here.
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TaxFormFinder has an additional 78 Rhode Island income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 7004 | Extension Request |
| Form 1120V | Payment Voucher |
| Form 1065V | Partnership Income Tax Payment Voucher |
| Form BUS-EXT | Business Tax Automatic Extension Request - For T-72 and T-74 |
| Form 1065 | Partnership Income Tax Return to be filed by LLCs, LLPs, LPs and Partnerships |
View all 79 Rhode Island Income Tax Forms
Form Sources:
Rhode Island usually releases forms for the current tax year between January and April. We last updated Rhode Island Form T-72 from the Division of Taxation in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Rhode Island Form T-72
We have a total of eleven past-year versions of Form T-72 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2012 Form T-72
t-72.qxp
2011 Form T-72
t-72.qxp
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