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 approximately $32.2 million in certain state tax credits and incentives for the fiscal year that ended June 30, 2020.
Two of those recipients also received a combined total of approximately $5.1 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. To view the full report, click here.