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Employment and Training Tax Credits and Grants (pdf) Rhode Island boasts some of the most aggressive employment and training tax credit programs in the nation. DLT, working in conjunction with the Economic Development Corporation, Regional Employment and Training Boards, the Governor's Workforce Board - RI, and the Division of Taxation offers six impressive credit programs. The RI Jobs Training Tax Credit encourages businesses to upgrade the skills of their existing workforce by offering credits of up to $5,000 per employee over three years. The RI Adult Education Tax Credit offers up to $5,000 for employer-funded GED preparation or basic education classes. The RI Employers’ Apprenticeship Tax Credit for Machine Tool/Metal Trade and Plastic Process Technicians issues a credit of up to $4,800 for new apprentices in these fields. The New Employment Tax Credit offers a onetime credit of $2,400 for the hiring of someone previously receiving AFDC (Aid to Families with Dependent Children) or TANF (Temporary Assistance for Needy Families). The Federal Work Opportunity Tax Credit encourages employers to hire people from certain "targeted groups." The Welfare-to-Work Tax Credit benefits employers who are willing to hire people previously receiving long-term family assistance through AFDC or TANF. The Work Opportunity Tax Credit (WOTC) and Welfare-to-Work (WTW) are intended to further the partnership between employment and training systems and the private sector when dealing with problems of the disadvantaged and unemployed. These two tax credits are significant components to the welfare reform effort and can be used as incentives for employers to hire regular or long-term welfare recipients. Quick Grant Guide for RI Employers
Quick Tax Credit Guide for RI Employers
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