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.
| State: | Rhode Island |
| Effected Jurisdiction: | Rhode Island |
Jurisdiction type: | State |
| Fiscal year ending In: | 2020 |
| Program name: | Rebuild Rhode Island Tax Credit |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Rebuild Rhode Island Tax Credit Act (RIGL 42-64.20) |
| Abating jurisdiction(s): | State of Rhode Island |
| Applicable taxes: | Business Corporation Tax; Public Service Corporation Tax; Financial Institutions Tax; Insurance Companies Tax; Personal Income Tax ; Sales and Use Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Projects may be required to repay Tax Credits in the event the project achieves outsize financial returns. |
| Gross revenue loss: | $3,594,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,594,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://treasury.ri.gov/financial-reports |
