RI R&D Expense Tax Credit
Supports Rhode Island companies with tax credit access for eligible innovation spending through state filing mechanisms.
The Rhode Island R&D Expense Tax Credit, authorized under R.I. Gen. Laws § 44-32-3 and administered by the Rhode Island Division of Taxation, allows qualifying corporations to claim a non-refundable state tax credit against Rhode Island corporate income tax for qualified research expenses incurred within the state. For Tax Year 2026 (January 1 through December 31, 2026), the credit is calculated a…
Rhode Island corporate tax credit of 22.5% on the first $111,111 and 16.9% on amounts above $111,111 of qualifying in-state R&D expenses, with a 15-year carryforward starting Tax Year 2026.
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