Rhode Island Tax Div. Releases Information on Scholarship Tax Credits for Business Entities

The Rhode Island Division of Taxation July 1 released information on scholarship tax credits for business entities, detailing the process for business entities to receive tax credits for contributions to qualified scholarship organizations and emphasizing the need for certification by an independent Rhode Island certified public accountant, including the submission of this certification along with a copy of the canceled check to the Division of Taxation for the issuance of credit certificates, effective July 1. [R.I. Div. of Tax’n, Tax Credits for Contributions to Scholarship Organizations - RIGL 44-62, 07/01/24]

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