Job Training Tax Credit (Rhode Island)
Last modified on February 12, 2015.
|Applies to States or Provinces||Rhode Island|
|Name||Job Training Tax Credit (Rhode Island)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Rhode Island Economic Development Corporation|
Companies who invest in training opportunities for new or existing employees may take a corporate income tax credit equal to 50% of eligible training expenditures through the Job Training Tax Credit. Employees must be full-time and earn at least 150% of the Rhode Island minimum wage after training. Up to $5000 per employee over a three-year period is available.
|Contact Name||Rick Brooks|
|Department||Governor's Workforce Board|
|Address||Center General Complex 1511 Pontiac Avenue Building 72-2, Cranston, RI, 02920|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Rhode Island General Law 42-64.6|