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.
R.I. Gen. Laws § 42-64.6-5
Deduction
Known as the Jobs Training Tax Credit Act
The act spans §§ 42-64.6-1 to 42-64.6-9 (9 sections).
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.