State Tax Credit Investments
Rhode Island Historic Tax Credit Summary
- Applicable against the Rhode Island corporate income tax, individual income tax and insurance premium tax.
- May offset 100% of a taxpayer’s liability.
- Excess credits carry forward 10 years. No carry back.
- Credits are subject to a 2-year recapture period.
- Credits are transferable.
Rhode Island Film Production Tax Credit Summary
- Income, bank excise, and insurance premiums tax offset.
- Sunset date: June 30, 2027
- Credit must be utilized during year generated or within the 3-Year carryforward period.
- No tax credit usage limitations apply.
- Transfer fees apply.
- Certificated and transferrable (one-time)