A $100,000 minimum in-state spend is required.

To qualify, productions must film at least 51% of principal photography or spend at least 51% of the production budget in Rhode Island. This requirement can be waived if the production spends at least $10,000,000 in the state within a 12-month period.

The production company must be domiciled in Rhode Island.

Productions must submit the initial application prior to the start of production and begin principal photography no more than 180 days from the start date on the initial certification letter.

All costs must be paid at the time of the application for final certification.

The project cap may be waived if: the production is a feature-length film or television series; the requested credits do not exceed the remaining portion of the $15,000,000 annual cap; and the production company meets all other conditions and requirements.

Loan-out companies are required to register with the Rhode Island Secretary of State and the Rhode Island Division of Taxation.

Rhode Island offers the Musical and Theatrical Production Tax Credit program to eligible applicants: 30% of the total production and performance expenditures and transportation expenditure may be awarded to qualified musical and theatrical production companies, not to exceed $7,000,000 per project.

The tax credit has a carry-forward of three years.