R.I. Government Agencies | Privacy Policy |
ATTENTION BUSINESS ENTITIES!!
It has come to the attention of the Division of Taxation that business entities that previously made a commitment under this program may be unable to honor their commitment. The Division of Taxation will allow an entity to rescind its application allowing other entities to apply for the tax credit. Click to read the Special Notice
As of January 14, 2010:
Amount of rescinded applications : $181,666.00
Recently approved applications from rescinded amounts: $181,666.00
Number of business donation applications awaiting approval: 3
NOTE: Once you have made your contribution, please be sure to submit, to the Division of Taxation, a certification by an independent Rhode Island certified public accountant that your contribution has been made to the qualified scholarship organization. Your credit certificate(s) cannot be issued without this certification.
Application to be completed annually by a scholarship organization. This form must be submitted to the Division of Taxation by December 31 so that the SGO may receive contributions in the upcoming year.
Application to be completed by business entity interested in donating to qualified scholarship organizations
Pursuant to R.I.G.L. 44-62-3(b), the total aggregate amount of all tax credits approved shall not exceed one million dollars ($1,000,000) in a fiscal year. For the fiscal year of July 1, 2008 through June 30, 2009 and the fiscal year of July 1, 2009 through June 30, 2010, the credit limit of $1,000,000.00 has been reached. Consequently, no further applications can be approved.
Certification form to be completed by the qualified scholarship organization acknowledging receipt of business entity donations - this form is meant to be printed onto the organization's letterhead