Title 44, Title 44 Title 44

(a) By August 1 of each year, each applicant approved for credits under this chapter shall report to the commerce corporation and the division of taxation the following information: (1) The number of total jobs created; (2) The applicable North American industry classification su…

No credits shall be authorized to be reserved pursuant to this chapter after December 31, 2026.

(a) It is hereby found and declared that due to long-term and short-term negative economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and create new jobs. This situation has contributed to a r…

As used in this chapter, unless the context clearly indicates otherwise, the following words and phrases shall have the following meanings: (1) “Affiliate” or “affiliated entity” means an entity that directly or indirectly controls, is under common control with, or is controlled …

(a) The Rhode Island qualified jobs incentive program is hereby established as a program under the jurisdiction of and shall be administered by the commerce corporation. The program may provide tax credits to eligible businesses for an eligibility period not to exceed ten (10) ye…

(a) The commerce corporation shall require an eligible business to enter into an incentive agreement prior to the issuance of tax credits. The incentive agreement shall include, but shall not be limited to, the following: (1) A detailed description of the proposed job creation in…

(a) The base amount of the tax credit for an eligible business for each new full-time job shall be up to two thousand five hundred dollars ($2,500) annually. (b) The total tax credit amount shall be calculated and credited to the business annually for each year of the eligibility…

(a) A business shall submit documentation indicating that it has met the employment requirements specified in the incentive agreement for certification of its tax credit amount within three (3) years following the date of approval of its application by the commerce corporation. T…

(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, directives, criteria, rules and regulations pursuant to chapter 35 of title 42 (“administrative procedures act”) as are necessary to implement this chapter, including, but not limited to: the enumeration of specifi…