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: | 2021 |
| Program name: | Wavemaker Fellowship |
| Program purpose: | Entrepreneurship/innovation |
| Statutory authority: | Stay Invested in RI Wavemaker Fellowship (RIGL 42-64.26) |
| Abating jurisdiction(s): | State of Rhode Island |
| Applicable taxes: | Personal 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: | $93,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $93,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://treasury.ri.gov/financial-reports |
