§ 44-47-1. Tax credit.
(a) A taxpayer that pays for or provides adult or child day care services to its employees
or to the employees of its commercial tenants, or that provides real property or dedicates
rental space for child day care services, is allowed a credit, to be computed as provided
in this chapter, against the tax imposed by chapters 11 and 13, except § 44-13-13, and chapters 14, 17, 30 of this title. The amount of the credit shall be:
(1) Thirty percent (30%) of the total amount expended in the state of Rhode Island during
the taxable year by a taxpayer for day care services purchased to provide care for
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§ 44-47-1. Tax credit.
(a) A taxpayer that pays for or provides adult or child day care services to its employees
or to the employees of its commercial tenants, or that provides real property or dedicates
rental space for child day care services, is allowed a credit, to be computed as provided
in this chapter, against the tax imposed by chapters 11 and 13, except § 44-13-13, and chapters 14, 17, 30 of this title. The amount of the credit shall be:
(1) Thirty percent (30%) of the total amount expended in the state of Rhode Island during
the taxable year by a taxpayer for day care services purchased to provide care for
the dependent children or dependent adult family members of the taxpayer's employees
or employees of commercial tenants of the taxpayer during the employees' hours of
employment;
(2) Thirty percent (30%) of the total amount expended during the taxable year by a taxpayer
in the establishment and/or operation of a day care facility in the state of Rhode
Island used primarily by the dependent children of the taxpayer's employees or employees
of commercial tenants of the taxpayer during the employees' hours of employment;
(3) Thirty percent (30%) of the total amount expended during the taxable year by a taxpayer
in conjunction with one or more other taxpayers for the establishment and/or operation
of a day care facility in the state of Rhode Island used primarily by the dependent
children of the taxpayer's employees or employees of commercial tenants of the taxpayer
during that employee's hours of employment;
(4) Thirty percent (30%) of the total amount foregone in rent or lease payments related
to the dedication of rental or lease space to child day care services. The amount
foregone shall be the difference between fair market rental and actual rental.
(b) No credit shall be allowed pursuant to this chapter unless the child day care facility
is licensed pursuant to chapter 72.1 of title 42, and agrees to accept children whose child care services are paid for in full or
in part by the Rhode Island department of human services; and/or the adult day care
facility is certified by the department of elderly affairs.