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: 
Wavemaker Fellowship
Program purpose
Entrepreneurship; Economic development; Job creation/retention
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
$61,000
Reimbursement / offset
$0
Net revenue loss
$61,000
Type of loss
Active
Additional notes on dislosure: 
(none)