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.

State: 
Rhode Island
Reporting Jurisdiction: 
Rhode Island
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
Job Training Tax Credits
Program purpose
Job training
Statutory authority
Rhode Island General Laws 42-64.6
Abating jurisdiction(s)
State of Rhode Island
Applicable taxes: 
Business Corporation Tax; Public Service Corporation Tax; Bank Tax; Insurance Companies Tax
Method of abatement
Tax credit
Provisions for recapture
Credit claimed for an employee is recaptured if the employee involuntarily, other than as a result of death or disability, no longer qualifies as a qualifying employee of the employer at any time during the 18-month period following the employee's completion of the program.
Gross revenue loss
$253,000
Reimbursement / offset
$0
Net revenue loss
$253,000
Type of loss
Active
Additional notes on dislosure: 
(none)