PROVIDENCE, R.I. --The state has issued a long-delayed report looking at the whether or not companies receiving certain tax breaks are actually meeting job creation and salary and benefit requirements.
Paul L. Dion, chief of the state Office of Revenue Analysis, says the new report, titled the "Unified Economic Development Report," presents details that state lawmakers have long sought on a some of the state's more controversial tax incentive programs.
The data is from state fiscal year 2011.
The report focuses on five programs: the state's "project status" designation, its "Enterprise Zones" tax credit, the "Incentives for Innovation and Growth" tax break, the film production tax credit and the "Jobs Development Act" credit.
Each year, the state Division of Taxation discloses which companies qualified for those five credit programs and the value of their tax break.
Dion says the new report shows how many jobs were created or retained as a result of the tax breaks, and whether or not their salary and benefits complied with the credit's requirements.
It also reports how many of a company's workers benefit from state subsidized healthcare.