Section 44-48.3-8. – Carry forward, transfer or redemption of tax credits, redemption fund.
§ 44-48.3-8. Carry forward, transfer or redemption of tax credits, redemption fund. (a) If the amount of the tax credit allowed under this chapter exceeds the taxpayer’s total tax liability for the year in which the credit is allowed, the amount of such credit that exceeds the taxpayer’s tax liability may be carried forward and […]
Section 44-48.3-1. – Short title.
§ 44-48.3-1. Short title. This chapter shall be known and may be cited as the “Rhode Island Qualified Jobs Incentive Act of 2015.” History of Section.P.L. 2015, ch. 141, art. 19, § 15.
Section 44-48.3-2. – Findings and declaration.
§ 44-48.3-2. Findings and declaration. (a) It is hereby found and declared that due to long-term and short-term negative economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and create new jobs. This situation has contributed to a rate of unemployment in Rhode […]
Section 44-48.3-3. – Definitions.
§ 44-48.3-3. Definitions. As used in this chapter, unless the context clearly indicates otherwise, the following words and phrases shall have the following meanings: (1) “Affiliate” or “affiliated entity” means an entity that directly or indirectly controls, is under common control with, or is controlled by the business. Control exists in all cases in which […]