Historic Preservation Tax Credits 2013
280-RICR-20-20-6 INACTIVE RULE
Title | 280 | Department of Revenue |
Chapter | 20 | Division of Taxation |
Subchapter | 20 | Tax Credits/Deductions |
Part | 6 | Historic Preservation Tax Credits 2013 |
Type of Filing | Adoption |
Regulation Status | Inactive |
Effective | 02/27/2014 to 07/31/2018 |
Regulation Authority:
RIGL § 44-1-4and § 44-33.6-4(i)
Purpose and Reason:
The purpose of this rule making is to implement (RIGL) chapter 44-33.6 “Historic Preservation Tax Credits 2013.” This chapter creates economic incentives for the purpose of stimulating the redevelopment and reuse of Rhode Island’s historic structures, as well as to generate positive economic and employment activities that will result from such redevelopment and reuse. This regulation requires the filing of an application form, payment of a non-refundable three percent (3%) Processing Fee and entering into a Contract with the Rhode Island Division of Taxation. Applicants are also required to file a Part 1 and a Part 2 Application for certification with the Rhode Island Historical Preservation & Heritage Commission.