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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 In2020
Program nameJob Development Act
Program purpose: Job Creation/Retention
Statutory authority: Jobs Development Act (RI Gen. Laws 42-64.5-1) and as amended by Rhode Island New Qualified Jobs Incentive Act 2015 (RIGL 44-48.3-12)
Abating jurisdiction(s): State of Rhode Island
Applicable taxesBusiness Corporation Tax; Public Service Corporation Tax; Financial Institutions Tax; Insurance Companies Tax; Personal Income Tax
Method of abatement: Reduction of tax rate
Provisions for recapture: (not specified)
Gross revenue loss: $19,504,000
Reimbursement / offset: $0
Net revenue loss: $19,504,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://treasury.ri.gov/financial-reports