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 or Territory: | Rhode Island |
| Effected Jurisdiction: | Rhode Island |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2020 |
| Program name: | Qualified Jobs Incentive Tax Credit |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Rhode Island Qualified Jobs Incentive Act of 2015 (RIGL Title 44-48.3) |
| 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 |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | If the Applicant ceases operations in the State or transfers more than 50% of the jobs for which a Tax Credit was granted under the Act to another state, the Tax Credit shall cease, and the Applicant shall be liable to the State for, at a minimum, 20% of all tax benefits granted to the Applicant. |
| Gross revenue loss: | $96,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $96,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://treasury.ri.gov/financial-reports |
