Adult Education Tax Credit
§ 44-46-3 Credits.
An employer shall be allowed a credit as provided in § 44-46-1 up to a
maximum credit of three hundred dollars ($300) against taxes otherwise due
under provisions of chapters 11, 13, 14, 15, 17 and 30 of this title per paid
employee. The employee must remain in the employ of the business for a minimum
period of thirteen (13) consecutive weeks, and a minimum of four hundred and
fifty-five (455) hours of paid employment before the employer can become
eligible for the income credit. The credit shall not reduce the tax under
chapter 11 of this title to less than one hundred dollars ($100). The credit is
not refundable. Any amount of credit not deductible in that taxable year may
not be carried over to the following year. In the event that the employer is a
partnership, joint venture or small business corporation, the credit shall be
divided in the same manner as income. This credit may not be applied against
the tax until all other credits available to this taxpayer for the taxable year
have been applied.
History of Section.
(P.L. 1985, ch. 274, § 1; P.L. 1996, ch. 105, § 1; P.L. 1996, ch.
198, § 1; P.L. 1997, ch. 97, § 1.)