Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 70 - Sales and Use Tax
Part 59 - Qualifying Research and Development Firms (280-RICR-20-70-59)
Section 280-RICR-20-70-59.5 - Definitions

Universal Citation: 280 RI Code of Rules 20 70 59.5

Current through September 18, 2024

A. "Qualifying firm" means a business for which the use of research and development equipment is an integral part of its operations.

B. "Equipment" means scientific equipment, computers, software and related items.

C. "Research and development" means experimental or laboratory activity that has as its ultimate goals the development of new products, the improvement of existing products, the development of new uses for existing products or the development or improvement of methods for producing products. Research and development does not include testing or inspection of materials or products for quality control purposes, efficiency surveys, management studies, consumer surveys or other market research, advertising or promotional activities, or research in connection with literary, historical or similar projects.

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