Attention Families: Child Tax Rebate

Don’t miss out on the Child Tax Rebate! Please remember you need to file a RI Personal Income Tax return for 2021 to qualify. August 31st is the deadline for filing your original or amended return (unless you are on extension). For more info: http://tax.ri.gov/ChildTaxRebate2022

2022

Annual report on tax credits, incentives

 The Division of Taxation has posted on its website its latest annual tax credit and incentive report, as required by Rhode Island statute.

The latest report identifies 12 businesses that received a combined total of over $53 million in certain state tax credits and incentives for the fiscal year that ended June 30, 2022.
Two of those recipients also received a combined total of approximately $3.86 million in other Rhode Island tax credits and incentives, the report shows.

Historic tax credits
A separate part of the report shows, in the aggregate, certain information related to projects that have requested certification under Rhode Island’s historic preservation tax credit program of 2013.

The report shows, in the aggregate, the number of jobs created, the number of Rhode Island businesses retained for work, the total amount of qualified rehabilitation expenditures, and the cost of materials or products purchased from Rhode Island businesses. 

View the full report here.

Notice about Hospital Licensing Fee tax-law changes

The Rhode Island Division of Taxation has posted a Notice about a new change in tax law. For information regarding the Hospital Licensing Fee change please see Notice 20202.

For a plain-language summary of key tax provisions that were enacted in the 2022 session of the Rhode Island General Assembly, please see the Division's Summary of Legislative Changes.

Rhode Island Child Tax Rebate

The Rhode Island Division of Taxation has posted an Advisory containing information regarding the 2022 Child Tax Rebate.

The Division has created a webpage specifically for the Child Tax Rebate. For up-to-date information, as well as detailed FAQs, please visit the webpage at: https://tax.ri.gov/ChildTaxRebate2022.

Read the Advisory.

Summary of Legislative Changes 2022 posted

The Rhode Island Division of Taxation has posted a plain-language summary of key tax provisions that were enacted in the 2022 session of the Rhode Island General Assembly. 

Most of the tax changes were enacted in the budget bill for the 2023 fiscal year. Some of the changes were enacted in stand-alone legislation.

To view a copy of the Division's "Summary of Legislative Changes", visit our website.

Reminder: tax help is available year-round

Some volunteer tax-preparation sites are open even when the regular filing season is over.

Internal Revenue Service (IRS) provides details on who qualifies and where you can find a site near you.

More information is available through the IRS website.

Juneteenth holiday moves some due dates to June 21

Due to the federal banking holiday of Juneteenth, being observed on June 20th this year, returns and payments normally due June 20, 2022 are instead due June 21, 2022. 

Read the Advisory