Rhode Island S2624 ends the Jobs Development Act rate reduction on July 1, 2026.
Rhode Island S2624 discontinues the Jobs Development Act rate reduction as of July 1, 2026. This bill amends the Rhode Island General Laws to sunset the rate reduction, meaning no new credits will be authorized after June 30, 2026. Companies that qualified for a rate reduction before July 1, 2015, can maintain their rate reduction until June 30, 2026. The act takes effect upon passage.
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