The Rhode Island Division of Taxation yesterday posted a proposed regulation on tax credits under the new “Stay Invested in RI
Wavemaker Fellowship” program.
The program, which was proposed by Governor
Gina M. Raimondo and approved by the General Assembly in 2015, is intended to
provide an incentive to keep educated individuals in the state.
The tax credits are to help qualifying
applicants, who have graduated from college and who meet program rules, to pay
their higher education loans. The credits can be applied against the Rhode
Island personal income tax.
A public hearing on the proposed regulation
is scheduled to be held at 10:30 a.m. on February 11, 2016, in Conference Room
B at the Powers Building (Department of Administration building), One Capitol
Hill, Providence, R.I. The hearing will be held in conjunction with the Rhode
Island Commerce Corporation.
