Business Incentives
The RIEDC publishes this summary of state and local business incentives as an information tool for the business community. Download the complete list of business incentives or read about specific incentives below.
Corporate Tax Reduction
Film and Television Industry Incentives
Financial Service Industry Incentives
- Alien Insurance Companies
- Gross Premiums Tax Credits in Enterprise Zones
- Insurance Company Retaliatory Tax Exemption
- Interest and Usury
- Interstate Banking
- Protected Cell Companies
- Deregulation of Commercial Lines
- Income Apportionment
- Intangible Personal Property Sales Tax Exemption
- International Investment Management Fee Income Tax Exemption
- Mutual Insurance Holding Companies
- Telecommunication Sales Tax Exemption
Foreign Trade Zones
General Business Taxes
Historic Preservation
Job Training and Education
- Adult Education Tax Credit
- Educational Assistance and Development Credit
- Job Training Tax Credit
- Employer's Apprenticeship Tax Credit
- Job Training Grants
Manufacturing Incentives
- High Performance Manufacturing Investment Tax Credit (10%)
- Apportionment Exclusion for Medical & Pharmaceutical Manufacturers
- Manufacturing Investment Tax Credit (4%)
- Business Income Apportionment for Manufacturers
- Accelerated Amortization for Defense Industry Manufacturers
Miscellaneous Tax Credits and Incentives
- Hydroelectric Tax Credit
- Artwork Exhibition
- Child and Adult Daycare Tax Credit
- Hiring of Unemployed or Low-Income Residents
- Natural Disaster Rebuilding
- Bonus Program Private Participation
- Hazardous Waste Facilities Amortization
Personal Income Tax Incentives
- Taxpayer Relief Act of 2006: Alternative Flat-Tax Rate Computation
- Jobs Growth Act of 2005: Income Tax Reduction on Performance-Based Income
- Innovation Tax Credit
- Reduction of Long-Term Capital Gains Tax
Research and Development
- Research & Development Expense Credit
- Elective Deduction for Research & Development Facilities
- Specialized Stock Provisions for Software Developers
- Research & Development Property Credit
- Research & Development Sales Tax Exemptions
Sales Tax Exemptions
- Sales Tax Rebate under RIEDC “Project Status”
- Manufacturing Machinery & Equipment
- Pollution Control Equipment
- Professional and Occupational Services
- Manufacturing Fuels & Raw Materials
- Scientific Equipment
- Aircraft, Boats and Aircraft Fuel
- Intangible Personal Property
Jean Robertson