Rhode Island General Laws 42-64.6-2. Jobs training tax credit
Current as of: 2023 | Check for updates
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A qualifying employer shall be allowed a credit against the tax imposed by chapters 11, 13, (except for § 44-13-13), 14, 17 and 30 of title 44 in the manner set forth in this chapter for the qualifying expenses of offering training and/or retraining to qualifying employees.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
Terms Used In Rhode Island General Laws 42-64.6-2
- Qualifying employer: means any employer who files an election with the human resource investment council in a manner provided by the human resource investment council to be covered by the provisions set forth in this chapter, but shall not include any physicians or any employer whose principal business is providing legal, accounting, engineering, architectural, or other similar professional services. See Rhode Island General Laws 42-64.6-3
- Qualifying expenses: means those reasonable expenses (less any federal, state, or local grants or other payments received by the employer to provide training or retraining) incurred by an employer following the date of the employer's election to be covered by the provisions of this chapter, that are directly attributable to providing training and/or retraining to qualifying employees that shall improve the skills required of those employees. See Rhode Island General Laws 42-64.6-3