RI Schedule B-CR: Business Credit Schedule (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Rhode Island’s 2024 Schedule B-CR is a business entity credit schedule used with Forms RI-1120C, T-71, T-72, T-74 and T-86. It lists individual Rhode Island tax credits and adds them to calculate total credits.
Who files this form
The 2024 Schedule B-CR is a business entity credit schedule used with Forms RI-1120C, T-71, T-72, T-74 and T-86. The form does not state who is required to file it.
Not all listed credits can be used on each of these forms.
What you'll need
The schedule asks for your business name and federal employer identification number.
It is used with Form RI-1120C, T-71, T-72, T-74 or T-86. The supplied form text does not specify required supporting documents or attachments.
Common mistakes
Do not assume every credit listed on Schedule B-CR can be used on your tax return. The form warns that not all credits can be used on the listed returns and directs you to the schedule's instructions for proper credit usage.
Questions people ask
Which tax forms use Schedule B-CR?
The schedule is used with Forms RI-1120C, T-71, T-72, T-74 and T-86.
Can I use every listed credit on any of those forms?
No. The schedule states that not all credits can be used on these forms. It directs you to the schedule's instructions for proper credit usage.
How do I calculate total Rhode Island credits?
Add lines 1 through 18 and enter the total on line 19.
Does the schedule include an investment tax credit?
Yes. Line 6 lists RI-3468, Investment Tax Credit, under R.I. Gen. Laws § 44-31.