Rhode Island R&D Tax Credit Summary
R&D Tax Credit Available
Research & Development Expense Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
C Corps only
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Rhode Island-based expenses.
22.5% on incremental expenses up to $111,111 and 16.9% on expenses over $111,111.