Rhode Island R&D Tax Credit Summary

R&D Tax Credit Available:

Yes


Eligible Entities:

C-Corporations only


Deadline for Tax Filing:

Due with Rhode Island Tax Return


Data Required to Compute Credit:

  • Claim period Federal Qualified R&D Expenses (QREs)
  • Claim period RI QREs

Credit Carryforward:

7 years


R&D Credit Summary:

The R&D tax credit equals the excess of the qualifying research expenses in the taxable year over the base period expenses:

  • 22.5% for expenditures up to $111,111; and
  • 16.9% for the remaining expenditures over the $111,111

Special Notes:

Research Tax Credit
Important Links and Forms

RI DOT
Form RI-7695E
Rhode Island Commerce

Contact Us for a No-Cost Assessment of your Federal and State Research Credit Estimate

Learn More About R&D Tax Credits