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: 
Rebuild Rhode Island Tax Credit
Program purpose
Business attraction/retention
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)