Natural Disaster Rebuilding
Manufacturers who have lost 60% or more of their facilities due to a natural disaster, resulting in the inability of active employees to continue production, may qualify for corporate income tax rate reductions under the Jobs Development Act for jobs retained or added. Damaged businesses may also qualify for a sales tax exemption on reconstruction materials that are not reimbursed by insurance.
For More Information Follow These Web Links
- RI General Law: http://www.rilin.state.ri.us/Statutes/TITLE42/42-64.5/INDEX.HTM
- RI General Law: http://www.rilin.state.ri.us/Statutes/TITLE44/44-18/INDEX.HTM
Jean Robertson