Form Ri-5009 - Educational Assistance And Development Tax Credit
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1State of Rhode Island and Providence Plantations
Form RI-5009
15131499990101
Educational Assistance & Development - RIGL § 44-42
Name
Federal employer identification number
For the year ending:
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 ...
1
10,000.00
2
Amount not eligible for credit .......................................................................................................................................
2
3
Amount eligible for credit. Subtract line 2 from line 1 .................................................................................................
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
4
institution of higher education for the students of such institution...............................................................................
10,000.00
5
Amount not eligible for credit .......................................................................................................................................
5
6
Amount eligible for credit. Subtract line 5 from line 4 ..........................................................................................................
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
7
program for scientific research or education in Rhode Island (see instructions) .........................................................
10,000.00
8
Amount not eligible for credit .......................................................................................................................................
8
9
Amount eligible for credit. Subtract line 8 from line 7 .................................................................................................
9
Total eligible for credit. Add lines 3, 6, and 9, and enter total amount here ................................................................ 10
10
11
Educational assistance and development tax credit . Multiply line 10 by 8% (0.0800)...............................................
11
12
Unused educational assistance and development tax credit from preceding year (attach schedule) ................................
12
13
Total educational assistance and development tax credit. Add lines 11 and 12, and enter total here ........................
13
14
Tax. Enter tax amount from the appropriate line of Form RI-1120, T-71, T-72 or T-74 ...............................................
14
Minimum Tax. Credit cannot reduce your tax below the minimum tax. RI-1120: $450 or T-71: $100...............................
15
15
16
Maximum educational assistance and development credit. Subtract line 15 from line 14, but not less than zero ......
16
17
Educational assistance and development credit allowable. Line 13 or line 16, whichever is less. Enter here and
17
on line 11 of Schedule B-CR 2016...............................................................................................................................
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