Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 20 - TAX CREDITS/DEDUCTIONS
Part 15 - Tax Incentives for Employers (280-RICR-20-20-15)
Section 280-RICR-20-20-15.7 - Minimum Tax and Carryover
Universal Citation: 280 RI Code of Rules 20 20 15.7
Current through March 20, 2024
A. The incentive cannot reduce the business' tax for that year below the minimum (if any) for the chapter under which the business is filing.
B. Any amount of incentive not used in the business' tax year may not be carried over to any following year.
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