280 R.I. Code R. 280-RICR-20-20-16.2

Current through December 26, 2024

Section 280-RICR-20-20-16.2 - Definitions

A. "Small business" means one that for the preceding tax year had thirty (30) or fewer full-time employees, or had one million dollars ($1,000,000) or less in gross receipts.

B. "Full-time employees" means one employed at least thirty (30) hours a week for twenty (20) or more calendar weeks in the proceeding tax year.

C. "Amount expended" means the actual sum of money spent.

280 R.I. Code R. 280-RICR-20-20-16.2