HISTORIC PRESERVATION INVESTMENT TAX CREDIT


530-1104 INACTIVE RULE EMERGENCY RULE

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Title 530 Historical Preservation & Heritage Commission
Chapter XXX Old Regulations Which Were Not Assigned Chapter-Subchap-Part
Subchapter XX Old Regulations Which Were Not Assigned Chapter-Subchap-Part
Part 1104 HISTORIC PRESERVATION INVESTMENT TAX CREDIT
Type of Filing Amendment
Regulation Status Inactive
Effective 04/15/2008 to 11/09/2008

Regulation Authority:

RIGL 44-33.2-4(f) and 42-35-3(b)

Purpose and Reason:

This emergency amendment implements recently legislated changes to the Historic Preservation Investment Tax Credit by limiting the amount of the credit available and increasing the processing fee for projects currently underway. Emergency action is required as certain elections and payments under the amended statutes are due on or before May 15, 2008.

Brief statement of Reason for Finding Imminent Peril:

Emergency action is required as certain elections and payments under the amended statutes are due on or before May 15, 2008.