Rhode Island § 42-64.6-5 § 42-64.6-5. Deduction.

Rhode Island Statutes

§ 42-64.6-5 — § 42-64.6-5. Deduction.

Rhode Island § 42-64.6-5

Title 42State Affairs and Government

Ch. 42-64.6Jobs Training Tax Credit Act

This text of Rhode Island § 42-64.6-5 (§ 42-64.6-5. Deduction.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.6-5 (2026).

Text

§ 42-64.6-5. Deduction.
A qualifying employer shall be denied a deduction for any expenses used to determine
            a credit, which was allowed under this chapter. If the credit is subsequently recaptured,
            or if the expenses attributable to the program exceed the amount on which the credit
            is allowed, a deduction shall be allowed in the taxable year in which the expense
            is recaptured, or paid or incurred.
         

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§ 42-64.6-5. Deduction.

A qualifying employer shall be denied a deduction for any expenses used to determine a credit, which was allowed under this chapter. If the credit is subsequently recaptured, or if the expenses attributable to the program exceed the amount on which the credit is allowed, a deduction shall be allowed in the taxable year in which the expense is recaptured, or paid or incurred.