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RI
Qualified Jobs Incentive Tax Credit
Rhode Island's Qualified Jobs Incentive provides tax credits to businesses that create new full-time jobs in the state.
About this program
The Qualified Jobs Incentive Tax Credit is a Rhode Island Commerce program that supports businesses creating new full-time jobs in the state. Eligible companies may receive annual tax credits for each qualifying new job, subject to application, approval, minimum job creation thresholds, wage requirements, and performance agreements. The incentive is intended to encourage companies to expand or relocate operations in Rhode Island.
Eligibility
Businesses creating qualifying new full-time jobs in Rhode Island and meeting program thresholds for job creation, wages, and project approval.
Requirements
- Business must create new full-time jobs in Rhode Island.
- Applicant must apply to Rhode Island Commerce and receive approval before claiming credits.
- Jobs must meet wage and full-time employment requirements.