Sign Up For Novogradac Industry Alert Emails

Rhode Island Bill Would Create 20 Percent Credit for OZ Investment

Wednesday, March 27, 2019 - 9:30AM

Legislation introduced in the Rhode Island Legislature would create a 20 percent state tax credit for certain investments in opportunity zones (OZs). S. 668, the Rhode Island Opportunity Zone Tax Credit and Tax Exemption Act, would provide a transferrable credit for 20 percent of an investment of at least $250,000 in a qualified OZ business property in the state. The credit could be carried forward up to seven years. The bill was referred to the state Senate Finance Committee

Learn more about Novogradac's expertise and many services