§ 44-30-23. Extended credits.
If the allowable credit exceeds the taxes due on the developer’s income, the amount of the claim not used as an offset against the income taxes of that taxable year may be carried forward as a credit against subsequent income tax liability. The provision may not exceed five (5) years from the tax year in which the first credit was applied.
History of Section.P.L. 1983, ch. 162, § 1.
Structure Rhode Island General Laws
Chapter 44-30 - Personal Income Tax
Section 44-30-11. - Resident husband and wife.
Section 44-30-12. - Rhode Island income of a resident individual.
Section 44-30-13, 44-30-14. - Repealed.
Section 44-30-15. - Resident partners.
Section 44-30-16. - Rhode Island income of a resident estate or trust.
Section 44-30-18. - Credit for income taxes of other states.
Section 44-30-19. - Credit to trust beneficiary receiving accumulation distribution.
Section 44-30-21. - Hydroelectric development tax credit — Definitions.
Section 44-30-22. - Tax credit for installation costs.
Section 44-30-23. - Extended credits.
Section 44-30-24. - Tax credit for art.
Section 44-30-25. - Modification relating to family education accounts.
Section 44-30-25.1. - Scituate — Modification relating to medical savings accounts.