Section 870-RICR-30-00-7.2 - DefinitionsA. For the purposes of these regulations, the following terms shall have the following meanings: 1. "Taxable year" means the year used by the taxpayer for federal tax purposes.2. "Department" means the Rhode Island Commerce Corporation.3. "Date business commenced" means the date the business started operations regardless of type of business entity.4. "Investment" means the amount expended or to be expended in a qualifying business entity in the form of equity contributions which are neither secured nor guaranteed.5. "Expended" means actual expenditure of funds; not future expenditure of borrowed funds.870 R.I. Code R. 870-RICR-30-00-7.2