Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 20 - TAX CREDITS/DEDUCTIONS
Part 7 - Rules and Regulations for the Anchor Institution Tax Credit
Rule 6 - Eligibility
Universal Citation: RI Code of Rules 6
Current through September 18, 2024
(a) To be eligible for a Tax Credit, an existing Rhode Island Business shall file:
(1) a Preliminary Application with the
Corporation identifying a Qualified Business that may relocate to the State;
and
(2) a Final Application
demonstrating to the Corporation that the Rhode Island Business played a
substantial role in the decision of the Qualified Business to complete a
Qualifying Relocation.
(b) The Qualified Business identified in the Preliminary Application must complete the Qualifying Relocation on or before December 31, 2020, and must create either:
(1) A minimum of ten (10) New Full-Time Jobs
on or before December 31, 2018; or
(2) A minimum of twenty-five (25) New
Full-Time Jobs on or before December 31, 2020.
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