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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 In2021
Program nameTax Increment Financing (TIF) PILOT
Program purpose: Business attraction/retention/expansion
Statutory authority: Rhode Island Tax Increment Financing Act of 2015 (RIGL 42-64.21)
Abating jurisdiction(s): State of Rhode Island
Applicable taxesBusiness Corporation Tax; Public Service Corporation Tax; Financial Institutions Tax; Insurance Companies Tax; Personal Income Tax ; Sales and Use Tax; Hotel Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $473,000
Reimbursement / offset: $0
Net revenue loss: $473,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://treasury.ri.gov/financial-reports