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)
