Sales Tax Rebate under RIEDC “Project Status”

Firms using bond financing programs offered through the Rhode Island Economic Development Corporation or which are given “Project Status” by the RIEDC are exempt from Rhode Island sales tax on construction materials and equipment, furniture, fixtures, machinery, computers and equipment for the facility that are not already exempt from sales tax under other provisions of the state law, e.g.: pollution control equipment. To be considered for project status, a project must result in firms wages exceeding the median annual wage by 5% (105% of median annual wage) for full-time jobs (minimum of 30 hours per week) and gain approval by the RIEDC.

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