Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Transferable tax credits for commercial real estate development and rehabilitation in Rhode Island. Credits equal up to 20% of total project cost (30% in designated opportunity zones or former industrial sites) for projects that cannot proceed without the incentive.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Commercial real estate development or rehabilitation project in RI
2.Must demonstrate project would not be financially feasible without credit
3.Credit: up to 20% of eligible costs (30% in OZs or former industrial sites)
4.Minimum project cost: $5 million
5.Credit is transferable — can be sold to investors
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).