870 R.I. Code R. 870-RICR-30-00-7.1

Current through December 26, 2024
Section 870-RICR-30-00-7.1 - Authority and Purpose
7.1.1Statutory Basis

R.I. Gen. Laws Chapter 44-43 authorizes tax incentives for certain small businesses and investors in small businesses. The Rhode Island Commerce Corporation must certify and recertify a "Qualified Business Entity" and a "Certified Venture Capital Partnership" for tax incentive eligibility.

7.1.2Purpose

This rule establishes the procedures by which The Rhode Island Commerce Corporation will certify business entities for tax incentive eligibility under R.I. Gen. Laws Chapter 44-43.

870 R.I. Code R. 870-RICR-30-00-7.1