{"data":{"id":"us-ri/r.i.-gen.-laws-44-30-22","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 44-30-22","heading":"Tax credit for installation costs.","body":"(a) A hydroelectric power developer will be allowed an income tax credit for the installation costs of a small hydroelectric power production facility.\n(b) For the purposes of this section, a hydroelectric power developer shall be allowed a non-refundable state income tax credit in the amount of ten percent (10%) of the installation costs of a hydropower facility. This credit shall be limited to five hundred thousand dollars ($500,000) in expenditures for a maximum income tax credit of fifty thousand dollars ($50,000). This income tax credit shall be allowed as either a personal or a corporate income tax credit, depending on the hydropower developer’s income tax filing status on the last day of his or her income tax filing period; provided, that if the installation costs were incurred by a corporation, then a non-refundable corporate income tax credit shall be allowed, and if installation costs were not incurred by a corporation, then a non-refundable personal income tax credit shall be allowed. In no event shall both a corporate and personal non-refundable income tax credit be allowed for installation costs at a single dam site.","path":["Title 44 Taxation","Chapter 30 Personal Income Tax","Part II Residents"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE44/44-30/44-II/44-30-22.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:32Z","sha256":"1738d16e25685897de772f7db887b69295ce57e70826e48dc396ff3afc2278a6","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-44-30-21","next":"us-ri/r.i.-gen.-laws-44-30-23"},"notice":"GroundRules: Original legal text. Not legal advice."}