R.I. Gen. Laws § 44-39.1-2 — Credit provisions

(a) The credit is not refundable but may be applied against the tax liability imposed
against a taxpayer pursuant to chapters 11, 13, 14, 15, 17 and 30 of this title.
(b) The credit allowed under this chapter for any taxable year shall not reduce the tax
due for that year to less than one hundred dollars ($100). Any amount of credit not
deductible in that taxable year may not be carried over to the following year. This
credit may not be applied against the tax until all other credits available to this
taxpayer for that taxable year have been applied.
(c) In the event that the employer is a partnership, joint venture, or small business
corporation, the credit shall be divided in the manner as income.
(d) In the event that the taxpayer is liable for taxes imposed under both chapters 14
and 15 of this title, the taxpayer must elect the tax against which it wishes to claim
credit. This election shall be made as part of the taxpayer’s filings in accordance
with §§ 44-14-6 and 44-15-5. The taxpayer may not divide the credit for any year between the two (2) tax liabilities
for which it is liable.