Section 44-55-1. – Short title.

§ 44-55-1. Short title. This chapter shall be known as “The Tax Incentives for Employers Act”. History of Section.P.L. 1997, ch. 362, § 1.

Section 44-55-2. – Tax incentives.

§ 44-55-2. Tax incentives. There are established tax incentives, which shall be computed in accordance with § 44-55-4.1, for businesses which employ and retain in the state of Rhode Island employees who have been previously unemployed for a period of at least twenty-six (26) consecutive calendar weeks and who have been domiciled residents of the […]

Section 44-55-3. – Definitions.

§ 44-55-3. Definitions. The words defined in this section have the meanings established in this section whenever they appear in this chapter: (1) “Business” means any corporation, limited liability company, partnership, individual, sole proprietorship, joint stock company, joint venture, or any other legal entity through which business is legally conducted or any successors or assigns […]

Section 44-55-4. – Criteria for tax incentives.

§ 44-55-4. Criteria for tax incentives. (a) A business whose employees each meet the following criteria as certified by the department of labor and training shall be entitled to an incentive in the amount of forty percent (40%) of the eligible employee’s first year wages, up to a maximum of two thousand four hundred dollars […]

Section 44-55-4.1. – Incentive provisions.

§ 44-55-4.1. Incentive provisions. (a) The deduction or modification is not refundable but may be used by the claimant business for the tax against it pursuant to chapters 11, 13, 14, 15, 17, and 30 of this title, not including any tax imposed under § 44-13-13 or other similar provisions in the following manner: (1) […]

Section 44-55-5. – Certification.

§ 44-55-5. Certification. After receiving the initial request from the claimant business for the tax incentive, the department of labor and training shall provide to the claimant business certification of unemployment as soon as practicable. The department of labor and training shall determine the eligibility of the employee and issue certification for the employee. History […]

Section 44-55-6. – Certificates.

§ 44-55-6. Certificates. A business shall not be allowed an incentive under this chapter for any taxable year unless the business obtains a written certificate from the department of labor and training for each employee claimed. History of Section.P.L. 1997, ch. 362, § 1.

Section 44-55-7. – Administration.

§ 44-55-7. Administration. The tax administrator shall make available suitable forms with instructions for claiming the incentive. The claim shall be in a form the tax administrator may prescribe. The tax administrator may prescribe rules and regulations, not inconsistent with law, to carry into effect the provisions of this chapter. History of Section.P.L. 1997, ch. […]

Section 44-55-8. – Adding back the domestic production activities deduction.

§ 44-55-8. Adding back the domestic production activities deduction. All corporations doing business in the state of Rhode Island shall add back into their taxable income any amount deducted under the federal “domestic production deduction” of the internal revenue code 26 U.S.C. § 199. State tax forms shall be changed if needed in order to […]