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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
Effected JurisdictionRhode Island
Jurisdiction type: State
Fiscal year ending In2018
Program nameWavemaker Fellowship
Program purpose: Job Creation/Retention
Statutory authority: Stay Invested in RI Wavemaker Fellowship (RIGL 42-64.26)
Abating jurisdiction(s): State of Rhode Island
Applicable taxesPersonal Income Tax
Method of abatement: Tax Credit
Provisions for recapture: Tax Credits may be denied or revoked if Applicant's certification or information is found to be willfully false; if the Applicant or successor is convicted of bribery, fraud, theft, embezzlement, misappropriation, and/or extortion involving the State, any State agency or political subdivision of the State.
Gross revenue loss: $705,000
Reimbursement / offset: $0
Net revenue loss: $705,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://treasury.ri.gov/financial-reports