Title 44, Title 44 Title 44

(a) Notwithstanding any laws to the contrary, any credit allowed under this chapter for hard construction costs valued at ten million dollars ($10,000,000) or more shall include a requirement that any contractor and subcontractor working on the project shall have an apprenticeshi…

(a) Each taxpayer requesting certification of a completed rehabilitation shall report to the commission and the division of taxation the following information: (1) The number of total jobs created; (2) The number of Rhode Island businesses retained for work; (3) The total amount …

(a) In fiscal years 2024 and thereafter, cities, towns, and fire districts shall receive reimbursements, as set forth in this section, from state general revenues equal to the amount of lost tax revenue due to the phase out of the excise tax. When the tax is phased out, cities, t…

If any provision of this chapter or application of this chapter to any person or circumstances is held invalid, that invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to this en…

(a) Notwithstanding any provisions of the general or public laws to the contrary, for each city, town, and fire district, except for the city of East Providence: (1) The motor vehicle and trailer excise tax established by § 44-34-1 [repealed] shall be repealed effective July 1, 2…

An employer who participates in the bonus program in conjunction with chapter 6.3 of title 40 shall be eligible for a tax credit as set forth in § 40-6.3-4.

(a) The credit is not refundable but may be applied against the tax liability imposed against a taxpayer pursuant to chapters 11, 13, 14, 15, 17 and 30 of this title. (b) The credit allowed under this chapter for any taxable year shall not reduce the tax due for that year to less…

An employer shall not be allowed a credit under § 44-39.1-2 for any taxable year with respect to the bonus program under chapter 6.3 of title 40 unless the employer obtains a written certificate by the director of human services that the employer has complied with the provisions …

The tax administrator shall make available suitable forms with instructions for claiming the credit. The claim shall be in a form that the tax administrator prescribes. The tax administrator shall prescribe rules and regulations, not inconsistent with law, to carry into effect th…

No credits shall be allowed under this chapter for tax years beginning on or after January 1, 2026.

For purposes of determining the federal income tax liability of a taxpayer subject to Rhode Island income tax, the Rhode Island income of the taxpayer under §§ 44-30-12 and 44-30-16 shall be determined by excluding any income, gain, or preference items resulting from the sale, tr…

A qualifying taxpayer is a resident of Rhode Island who has been employed at a location in Rhode Island for at least three (3) consecutive months as a full-time employee of a qualifying corporation in accordance with corporate policy, and the estate, heirs and successors of that …

(a) A qualifying corporation is any corporation that: (1) Annually elects (in a manner that may be determined by the tax administrator) to be a qualifying corporation; (2) Has at least ten (10) full-time equivalent active employees in this state; and (3) Is engaged principally in…

(a) On or before the second Tuesday in January of each even numbered year beginning in 2004, the chief of the office of revenue analysis, shall deliver a tax expenditure report to the general assembly. Each report will provide the minimum information for one hundred percent (100%…

This chapter shall be known and may be cited as the “Economic Development Tax Incentives Evaluation Act of 2013.”

The general assembly finds and declares that: (1) The state of Rhode Island relies on a number of tax incentives, including credits, exemptions, and deductions, to encourage businesses to locate, hire employees, expand, invest, and/or remain in the state; (2) These various tax in…

(a) As used in this section, the term “economic development tax incentive” shall include: (1) Those tax credits, deductions, exemptions, exclusions, and other preferential tax benefits associated with §§ 42-64.3-6, 42-64.3-7, 42-64.5-3, 42-64.6-4, 42-64.11-4, 44-30-1.1, 44-31-1, …

(a) In accordance with the following schedule, the tax expenditure report produced by the chief of the office of revenue analysis pursuant to § 44-48.1-1 shall include an additional analysis component, consistent with § 44-48.2-5 and produced in consultation with the chief execut…

(a) The additional analysis as required by § 44-48.2-4 shall include, but not be limited to: (1) A baseline assessment of the tax incentive, including, if applicable, the number of aggregate jobs associated with the taxpayers receiving such tax incentive and the aggregate annual …

The governor’s budget submission as required under chapter 35-3 shall identify each economic development tax incentive for which an evaluation was completed in accordance with this chapter in the period since the governor’s previous budget submission. For each evaluated tax incen…

This chapter shall be known and may be cited as the “Rhode Island Qualified Jobs Incentive Act of 2015.”

The incentives provided under this chapter shall not be granted in combination with any other job specific benefit provided by the state, the commerce corporation, or any other state agency, board, commission, quasi-public corporation or similar entity without the express authori…

Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that …

(a) The rate reduction(s) provided pursuant to chapter 64.5 of title 42 shall be discontinued effective July 1, 2015, except as provided in subsection (b) of this section. (b) Any company that has qualified for a rate reduction pursuant to chapter 64.5 of title 42 prior to July 1…

(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…