Rhode Island CTF - 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 July 1^st 
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.