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State of Rhode Island Division of Taxation
2023 Form T-74
Banking Institution Excise Tax Return 23112099990101

Name Federal employer identification number
Amended

Address For the period ending:

Address 2

City, town or post office State ZIP code E-mail address

*MUST ATTACH COPY OF FEDERAL FORM 1120 OR PRO-FORMA

Schedule A - Computation of Tax
1 Federal Taxable Income from Federal Form 1120, line 28........................................................ 1
2 Total Deductions from page 2, Schedule B, line 6..................................................................... 2
3 Total Additions from page 2, Schedule C, line 7........................................................................ 3
Rhode 4 Adjusted taxable income. Subtract line 2 from line 1 then add line 3....................................... 4
Island 5 Capital investment deduction ................................................................................................... 5
Taxable 6 Rhode Island adjusted taxable income. Subtract line 5 from line 4................................................ 6
Income
7 Rhode Island Apportionment Ratio from page 3, Schedule F, line 5. Carry to six (6) decimal places 7 _ . __________
8 Apportioned Rhode Island taxable income. Multiply line 6 by line 7........................................ 8
Tax and 9 Rhode Island income tax. Multiply line 8 by the tax rate of 9% (0.09)...................................... 9
Credits 10 Rhode Island Credits from Schedule B-CR, Business Entity Credit Schedule, line 19.................. 10
11 Tax. Subtract line 10 from line 9, but not less than the minimum tax of $100.............................................................. 11
12 Payments made on 2023 BUS-EST, Business Tax Estimated Payment 12
13 Other payments........................................................................... 13
14 TOTAL PAYMENTS. Add lines 12 and 13 ...................................................................................... 14
Balance 15 Net tax due. Subtract line 14 from line 11....................................................................................... 15
Due 16 (a) Interest (b) Penalty (c) Form 2220 Interest 16
17 Total due with return. Add lines 15 and 16............................................................................... 17
Refund 18 Overpayment. Subtract lines 11 and 16 from line 14............................................................... 18
19 Amount of overpayment to be applied to 2024 estimated tax................................................... 19
20 Amount to be refunded. Subtract line 19 from line 18.............................................................. 20

IMPORTANT INFORMATION
Return is due on or before the 15th day of the 4th month after the close of the taxable year except for
filers with a fiscal year end of June 30. The due date for those filers is September 15.

Rhode Island has an Electonic Mandate for filing a return and remitting a payment.
See the 2023 T-74 Instructions for more information on the requirements and how to file and pay

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of 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 Print name Date Telephone number

Paid preparer address City, town or post office State ZIP code PTIN

May the Division of Taxation contact your preparer? YES

Revised
08/2023

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State of Rhode Island Division of Taxation
2023 Form T-74
Banking Institution Excise Tax Return 23112099990102

Name Federal employer identification number

Schedule B - Deductions
1 Exempt Interest and Dividends (attach a schedule) ................................................................................... 1
2 Bonus Depreciation /Section 179 Expense Adjustment ............................................................................. 2
3 Non-security Gains (attach a schedule) ..................................................................................................... 3
4 Modification for Tax Incentives for Employers under RIGL § 44-55. Attach Form RI-107..... .................... 4
5 Other Deductions (attach a schedule) ........................................................................................................ 5
6 TOTAL DEDUCTIONS. Add lines 1 through 5. Enter here and on page 1, Schedule A, line 2................. 6

Schedule C - Additions
1 Interest or Dividends on Federal, State and Municipal obligations, etc. not included in Schedule A, line 1............... 1
2 Rhode Island Bank Excise Tax ................................................................................................................... 2
3 Bonus Depreciation Adjustment ................................................................................................................. 3
4 Non-security Losses (attach a schedule) .................................................................................................... 4
5 Taxable portion of Paycheck Protection Program Loan amount under RIGL § 44-14-11.......................... 5
6 Other income not included in Federal Taxable Income (attach a schedule) ............................................... 6
7 TOTAL ADDITIONS. Add lines 1 through 6. Enter here and on page 1, Schedule A, line 3...................... 7

Schedule D - Final Determination of Net Income by Federal Government
Has the Federal Government changed your taxable income for any prior year which has not yet been reported to the Tax Administrator? No Yes

If yes, complete an amended Form T-74 immediately and submit to the Tax Administrator with any remittance that may be due.
Check the box on page 1 of Form T-74 indicating the return is an amended T-74.
NOTE: Changes made by the Federal Government in the income of any prior year must be reported to the Tax Administrator within
30 days after a final determination.

Schedule E - General Information
Location of principal place of business in Rhode Island
Location of corporation’s books and records
List states to which you are liable for income or excise taxes for the taxable year

US Business Code Number
State and date of incorporation
President
Treasurer

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     State of Rhode Island Division of Taxation 
     2023 Form T-74 
     Banking Institution Excise Tax Return                                                              23112099990103

Name                                                                                           Federal employer identification number

Schedule F - Apportionment
                                                                                               Column A Column B
                                                                                         Rhode Island   Everywhere
     Average Value of Property
     1a Land........................................................................   1a
     b Depreciable Assets before Depreciation is  
       Deducted.................................................................       1b
     c Loans.......................................................................... 1c
     d Credit Card Receivables.........................................                1d
     e Rent (8 times annual rental rate).............................                  1e
     f Totals.  For columns A and B, add lines 1a - 1e......                           1f
     g Ratio in Rhode Island. Divide line 1f, column A by line 1f, column B. Carry to six (6) decimal places..................               1g _  .  _______
     Receipts
     2a Lease/Rental of Real Property.................................                 2a
     b Lease/Rental of Transportation Property.................                        2b
     c Interest from Loans Secured by Real Property........                            2c
     d Receipts from Credit Card Receivables.....................                      2d
     e Other Interest Not Secured by Real Property.............                        2e
     f Receipts from Services...........................................               2f
     g Interest and Dividends.............................................             2g
     h Interest Not Taxed by the Federal Government.......                             2h
     i Capital Gains...........................................................        2i
     j Other Income...........................................................         2j
     k Totals.  For columns A and B, add lines 2a - 2j.......                          2k
     l Ratio In Rhode Island. Divide line 2k, column A by line 2k, column B. Carry to six (6) decimal places....................             2l _  .  _______
     Payroll
     3a Salaries and Wages Paid or Incurred......................                      3a
     b Ratio In Rhode Island. Divide line 3a, column A by line 3a, column B. Carry to six (6) decimal places................                 3b _  .  _______
     Ratio Calculation
     4 Total of Rhode Island Ratios used from lines 1g, 2l and 3b.  Carry to six (6) decimal places...............................           4  _  .  _______
     5 RI Apportionment Ratio. Divide line 4 by 3 if all ratios used or if not, by the number of ratios used.  Enter 
       here and on page 1, Schedule A, line 7.   Carry to six (6) decimal places............................................................ 5  _  .  _______

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