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RI
Rhode Island Investment Tax Credit
Rhode Island's Investment Tax Credit can reduce state tax liability for eligible businesses that invest in qualifying tangible property used in manufacturing and related production activity.
About this program
Visit the program website for full details.
Eligibility
Rhode Island manufacturers and other eligible taxpayers may qualify when they place qualified tangible property into service for eligible production, manufacturing, or similar business activity.
Requirements
- Acquire or place in service qualified tangible property in Rhode Island.
- Use the property in eligible business activity such as manufacturing or production.
- Maintain purchase, depreciation, location, and use documentation.