Rhode Island Film Production Tax Credit

Rhode Island Film Production Tax Credit Summary

  • Applicable against corporate tax, bank excise tax, insurance premiums tax, and personal income tax.
  • Credit cap of $5 million (but may apply for waiver).
  • May offset 100% of taxpayer’s liability.
  • Credits are transferrable under specified conditions.
  • Recapture upon misrepresentation, misstatement, omission, or materially inconsistent information
  • Credits can be carried forward for not more than the three succeeding tax years.
Other states offering film / entertainment tax credits