§ 44-43-1 Definitions
§ 44-43-2 Deduction or modification
§ 44-43-3 Wage credit
§ 44-43-4 Restrictions
§ 44-43-5 Exemption
§ 44-43-6 Recapture
§ 44-43-7 Rules and regulations
§ 44-43-8 Exclusion for qualifying securities
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Terms Used In Rhode Island General Laws > Chapter 44-43 - Tax Incentives for Capital Investment in Small Businesses

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.