Rhode Island § 44-43-6 § 44-43-6. Recapture.

Rhode Island Statutes

§ 44-43-6 — § 44-43-6. Recapture.

Rhode Island § 44-43-6

Title 44Taxation

Ch. 44-43Tax Incentives for Capital Investment in Small Businesses

This text of Rhode Island § 44-43-6 (§ 44-43-6. Recapture.) 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 § 44-43-6 (2026).

Text

§ 44-43-6. Recapture.
(a) A taxpayer or entrepreneur which has been allowed a deduction or modification in accordance
            with § 44-43-2 is required to recapture all the deductions or modifications taken in any taxable
            year:
         
(1) In which the taxpayer or entrepreneur sells or exchanges or there is a reduction in
            his or her interest in a qualifying business entity; or
         
(2) In which there is a reduction in the taxpayer's interest in a qualifying investment
            in a certified venture capital partnership.
         
(b) Any recapture shall be limi

Free access — add to your briefcase to read the full text and ask questions with AI

§ 44-43-6. Recapture.

(a) A taxpayer or entrepreneur which has been allowed a deduction or modification in accordance with § 44-43-2 is required to recapture all the deductions or modifications taken in any taxable year:

(1) In which the taxpayer or entrepreneur sells or exchanges or there is a reduction in his or her interest in a qualifying business entity; or

(2) In which there is a reduction in the taxpayer's interest in a qualifying investment in a certified venture capital partnership.

(b) Any recapture shall be limited to the proceeds resulting from the reduction in subsection(a) of this section. There shall be no recapture as the result of or following the death of any entrepreneur or taxpayer. There shall be no recapture with respect to any investment held by an entrepreneur or taxpayer for at least five (5) years.