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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateRhode Island
Reporting JurisdictionRhode Island
Jurisdiction type: State
Fiscal year ending In2018
Program nameJob Training Tax Credits
Program purpose: Workforce development
Statutory authority: RIGL 42-64.6
Abating jurisdiction(s): State of Rhode Island
Applicable taxesBusiness Corporation Tax; Public Service Corporation Tax; Bank Tax; Insurance Company Tax
Method of abatement: Tax Credit
Provisions for recapture: Credit claimed for an employee is recaptured if the employee involuntarily, other than as a result of death or disability, no longer qualifies as a qualifying employee of the employer at any time during the 18-month period following the employee's completion of the program.
Gross revenue loss: $1,429,000
Reimbursement / offset: $0
Net revenue loss: $1,429,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://treasury.ri.gov/financial-reports