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 9 - Final Application
Current through March 20, 2024
After the Qualified Business identified in the Preliminary Application decides to engage in a Qualified Relocation, the Applicant shall submit a Final Application which shall require submission of the following information:
(a) a detailed description of the number and types of New Full-Time Jobs to be located in the State;
(b) the annual compensation and benefits for each New Full-Time Job to be located in the State;
(c) a detailed description of the products and/or services that will be supplied by the Qualified Business from its location within the State;
(d) a statement detailing the facts and circumstances that provide evidence of the substantial role of the Applicant in the decision of a Qualified Business to complete a Qualifying Relocation, along with such documentation acceptable to the Corporation substantiating the facts and circumstances set forth in the statement;
(e) a submission from the Applicant and the Qualified Business stating that the Qualified Business had not commenced or engaged in a Relocation Search in this State within the 12 months prior to the date of the Applicant's Preliminary Application;
(f) whether the Qualified Business will be purchasing or leasing a facility in the State;
(g) details relative to development activities associated with the Qualifying Relocation including, but not limited to, costs associated with any real estate development;
(h) a delineation of any other federal, State or local incentives, grants, tax credits, or other aid that will or may be received by the Qualified Business in completing a Qualifying Relocation; and
(i) any other necessary and relevant information as determined by the Corporation.
