§ 44-30.3-5 - Claim as income tax credit or rebate from state funds.
SECTION 44-30.3-5
§ 44-30.3-5 Claim as income tax credit orrebate from state funds. – Subject to limitations provided in this chapter, a claimant may claim in anyyear as a credit against Rhode Island personal income taxes due on his or herincome. If the allowable amount of the claim exceeds the income taxes due onthe claimant's income, or if there are no Rhode Island personal income taxesdue on the claimant's income, the amount of the claim not used as an offsetagainst income taxes is treated as an overpayment of personal income taxes andrefunded to the claimant from balances retained by the general treasurer forgeneral purposes. No interest is allowed on any payment made to a claimantpursuant to this chapter.