R.I. Gen. Laws § 44-30-23
Current through 2024 Public Law 457
If the allowable credit exceeds the taxes due on the developer's income, the amount of the claim not used as an offset against the income taxes of that taxable year may be carried forward as a credit against subsequent income tax liability. The provision may not exceed five (5) years from the tax year in which the first credit was applied.
R.I. Gen. Laws § 44-30-23