NEW Sales Tax Form - RI-STR NEW SALES TAX FORM: Starting with the return for the period ending January 2023 [filed in February 2023], monthly and quarterly Sales and Use Tax filers will begin using the RI Division of Taxation's new sales form - Form RI-STR. Click for Form RI-STR, the form instructions and the Advisory issued regarding the new form. Forms STM and STQ are to be used only for periods ending on or before December 31, 2022. For guidance on completing and filing Form RI-STR, click here.
Credits Rhode Island statute allows for multiple tax credits and incentives that can be used to offset tax liability. Some of these tax credits and incentives are "by right" and do not require pre-approval or certification by the Rhode Island Division of Taxation. These credits and incentives still require that supporting documentation and a tax credit form, if applicable, be provided when the tax credit or incentive is claimed on a tax return. Without this supporting documentation, the tax credit or incentive claimed will not be allowed. The Rhode Island Division of Taxation oversees and administers several tax credit and incentive programs. Below, you will find links to the procedures and applications for these select credits. The credit and incentive programs require applications, approval and review by the RI Division of Taxation and, if applicable, another state agency. Historic Preservation Investment Tax Credits R.I. Gen. Laws § 44-33.2 RI Regulation 280-RICR-20-20-3 Historic Preservation Tax Credits 2013 Visit here for a list of Historic Preservation Tax Credits 2013 Agreements R.I. Gen. Laws § 44-33.6 RI Regulation 280-RICR-20-20-6 Motion Picture Production Tax Credits Click here for a list of production Impact Analysis Statements R.I. Gen. Laws § 44-31.2 RI Regulation 280-RICR-20-20-5 Musical & Theatrical Production Tax Credits R.I. Gen. Laws § 44-31.3 Tax Credits for Contributions to Scholarship Organizations Visit the program's web page for applications and additional information Visit the program's report page to view statutory year-end reports R.I. Gen. Laws § 44-62 These tax credit and incentive programs are administered in conjunction with the RI Commerce Corporation. Rhode Island New Qualified Jobs Incentive Act 2015 R.I. Gen. Laws § 44-48.3 RI Regulation 870-RICR-30-00-4 Rebuild Rhode Island Tax Credit R.I. Gen. Laws § 42-64.20 RI Regulation 870-RICR-30-00-5 Stay Invested in RI Wavemaker Fellowship R.I. Gen. Laws § 42-64.26 RI Regulation 870-RICR-30-00-1 Contact Us Forms, Credits & Incentives Section Email: Tax.Credits@tax.ri.gov