Rhode Island Clause Dealing with Limitations on Use

State:
Multi-State
Control #:
US-OL8015
Format:
Word; 
PDF
Instant download

Description

This office lease form is a clause found in old buildings in the Wall Street area of Manhattan dealing with limitations on use stating that the tenant shall use and occupy the premises for the permitted uses, and for no other purpose.

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FAQ

How does Rhode Island's tax code compare? Rhode Island has a graduated individual income tax, with rates ranging from 3.75 percent to 5.99 percent. Rhode Island also has a flat 7.00 percent corporate income tax rate. Rhode Island has a 7.00 percent state sales tax rate and does not levy local sales taxes.

Except as provided in this section, the amount of the Rhode Island corporate income tax shall be assessed within three (3) years after the return was filed, whether or not the return was filed on or after the prescribed date.

Generally, the Rhode Island contract statute of limitations for breach of contract actions is ten (10) years, with the ten-year period starting to run when the breach of contract occurs.

Rhode Island Civil Statute of Limitations: At a Glance The state of Rhode Island imposes a three-year limit for personal injury, professional malpractice (including medical), and product liability. Fraud and injury to property all carry a 10-year limit.

In Rhode Island, there is a three-year statute of limitation regarding injuries caused by product liability. This means that the case must be resolved within three years of the injury or the matter must be placed into a lawsuit within three years of the injury that will stop the statute of limitation from running.

S Corporations: A small business corporation having an election in effect under subchapter S of the Internal Revenue Code is required to file an annual tax return using Form RI-1120S and is subject to the income tax (minimum $400.00).

A claim may be filed within two (2) years from the time the tax was paid. If a claim is made within the two (2) year period, the ainount of refund may not exceed the portion of tax paid during the two (2) years preceding the filing of the claim. Pursuant to R.I. Gen.

Avoid penalties Failure to file your Rhode Island personal income tax return as required will trigger the failure-to- file penalty ? which applies at the rate of 5 percent per month, to a maximum of 25 percent of the amount due.

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Rhode Island Clause Dealing with Limitations on Use