Businesses
Government-funded
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
Provides up to 20% income tax credits for investments in commercial real estate projects in Rhode Island, including new construction, adaptive reuse, and substantial rehabilitation. Targets mixed-use, commercial, and industrial properties.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum project cost: $5 million
2.Rehabilitation or new construction of commercial, mixed-use, or industrial property
3.Developer must demonstrate financing gap requiring tax credit
4.RI Commerce Board approval required before construction
5.Jobs and economic impact thresholds must be met
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