RI 5009
2002
STATE OF RHODE ISLAND - DIVISION OF TAXATION
COMPUTATION OF EDUCATIONAL ASSISTANCE AND DEVELOPMENT TAX CREDIT
Year Ended _______________________________ 20 _______
____________________ ____________________________________________________________________________
F.E.I.
No.
Name
_________________________________________________________________________________________________
Address
City/town
State
Zip
PART 1 - CONTRIBUTION TO AN INSTITUTION OF HIGHER EDUCATION:
1.
For the establishment or maintenance of a faculty chair,
department or program for scientific research or education
____________
2.
Amount not eligible for credit
10,000.00
3.
Amount eligible for credit
3. ___________
PART 2 - CONTRIBUTION TO AN INSTITUTION OF HIGHER EDUCATION:
4.
For a work fellowship program providing training connected with
scientific research or education established by an institution of
higher education for the students of such institution
_____________
5.
Amount not eligible for credit
10,000.00
6.
Amount eligible for credit
6. ___________
PART 3 - CONTRIBUTION TO AN INSTITUTION OF HIGHER EDUCATION:
7.
Cost or other basis of tangible personal property contributed
for use in an educational, training, or research program for
scientific research or education in this State (see instructions)
_____________
8.
Amount not eligible for credit
10,000.00
9.
Amount eligible for credit
9. ___________
10. Total eligible for credit (Sum of Lines 3, 6, and 9)
10. __________
11. Educational assistance and development tax credit (8% of line 10)
11.__________
12. Unused educational assistance and development tax credit from
proceeding year (attach schedule)
12.
__________
13. Total educational assistance and development tax credit (Line 11 plus Line 12)
13. __________
14. Tax (from appropriate line of Form RI-1120, T-71, T-72 or T-74)
14. __________
15. Minimum Tax
15.
100.00
16. Maximum educational assistance and development credit
16. _________
(Line 14 less line 15 but not less than zero)
17. Educational assistance and development credit allowable (Lesser of Line 13 or Line 16)