Children's Tuition Fund Rhode Island - Information for Contributors

Businesses can apply for up to $100,000 in qualified tax credits annually through the RI Division of Taxation.

1. Determine the number of years you want to give:

1 year – 75% tax credit

2 years – 90% tax credit

2. Submit an application to the State of RI: Division of Taxation.  Applications must be postmarked or hand delivered on July 1st.  Applications can be submitted to the CTF RI Liaison to be hand delivered on July 1st.

3. Within 30 days of the application date (July 1^st), approval or denial will be granted from the Division of Taxation.

4. If approved, the business will have 120 days to make the contribution to CTF.

5. CTF will issue a receipt.

6. Once you make your contribution, you must apply to the Division of Taxation for your tax credit certificate(s).

7. Receive tax credit.

Here is a video to recap the tax-credit process in Rhode Island:  RI Tax-Credit Process Video