Title 42, Title 42 Affairs and Government

As used in this chapter: (1) “Applicant” means an eligible graduate who applies for a tax credit for education loan repayment expenses under this chapter. (2) “Award” means a tax credit awarded by the commerce corporation to an applicant as provided under this chapter. (3) “Comme…

(a) There is hereby established the “Stay Invested in RI Wavemaker Fellowship Fund” to be administered by the commerce corporation as set forth in this chapter. (b) [Deleted by P.L. 2023, ch. 79, art. 7, § 10.] (c) The purpose of the fund is to expand employment opportunities in …

(a) Application. An eligible graduate claiming an award under this chapter shall submit to the commerce corporation an application in the manner that the commerce corporation shall prescribe. (b) Upon receipt of a proper application from an applicant who meets all of the eligibil…

(a) The commerce corporation shall require taxpayers to submit annual reports, in such form and on such dates as the commerce corporation shall require, in order to confirm that the taxpayer continues to meet all of the eligibility requirements of this chapter and as a prerequisi…

If an eligible graduate receiving an award under this chapter violates any provision of this chapter or ceases to meet the eligibility requirements of this chapter, the commerce corporation may, on reasonable notice: (1) Withhold further award until the taxpayer complies with the…

(a) If the amount of the tax credit allowed under this chapter exceeds the taxpayer’s total tax liability for the year in which the credit is allowed, the amount of such credit that exceeds the taxpayer’s tax liability may be carried forward and applied against the taxes imposed …

(a) The commerce corporation may adopt implementation guidelines, rules, and regulations pursuant to chapter 35 of this title (Administrative Procedures) as are necessary for the implementation of this chapter. (b) The commerce corporation shall adopt guidelines to assure integri…