TITLE 44

Taxation

CHAPTER 44-46

Adult Education Tax Credit

SECTION 44-46-3



   § 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.)