§ 44-30-27. Farm to school income tax credit.
Upon presentation of written certification by a local education agency, an individual or entity domiciled in the state for the entire tax year, shall be entitled to an income tax credit for the purchase of produce grown in the state which shall be furnished or used in connection with that individual’s or entity’s agreement to provide food, services or other products to a local education agency. The income tax credit shall be equal to five percent (5%) of the cost of farm products grown or produced in the state. Any amount of income tax credit not deductible in the taxable year of certification may not be carried over to the following year. The credit may not be applied until all other credits available to the taxpayer for that taxable year are applied.
History of Section.P.L. 2007, ch. 73, art. 43, § 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 - Repealed.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.