You can claim a modification for 50% of your 2020 performance-based compensation if you're an eligible employee under the Rhode Island Jobs Growth Act.
Eligible Employee means any full-time active employee who makes 125% of the average compensation of all employees in the state who started work during this tax year and after their employing company filed an application for certification.
For example, if all employees in the state, who met the criteria above, made $40,000, you would need to make $50,000 in order to qualify for this modification (40,000 * 1.25 (125%) = 50,000).
See Rhode Island general law 42-64.11-4 for more information. For definitions, see Rhode Island general law 42-64.11-2 .