Tax Credits/Deductions - Historic Preservation Tax Credits 2013
280-7392 INACTIVE RULE EMERGENCY RULE
| Title | 280 | Department of Revenue |
| Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
| Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
| Part | 7392 | Tax Credits/Deductions - Historic Preservation Tax Credits 2013 |
| Type of Filing | Adoption |
| Regulation Status | Inactive |
| Effective | 08/01/2013 to 02/27/2014 |
Regulation Authority:
RIGL §44-1-4 and §44-33.6-4(i)
Purpose and Reason:
The purpose of this rule making is to implement Rhode Island General Laws chapter 44-33.6 "Historic Preservation Tax Credits 2013."
Brief statement of Reason for Finding Imminent Peril:
In accordance with Rhode Island General Law (RIGL) §42-35-3(b) and §44-33.6-4(i), as amended by the General Assembly, the tax administrator of the division of taxation, department of revenue and the executive director of historical preservation and heritage commission (the commission), hereby promulgate the following emergency regulation. Because of imminent due dates for certain elections or actions under the amended statutes, the existence of previously certified tax credits, and the existence of pending applications for the tax credit, there is imminent peril to the public welfare in that some persons involved with ongoing projects may unknowingly fail to take necessary measures to properly certify tax credits and consequently declare tax deficiencies. It is further found that due to the time constraints, an emergency rule or regulation needs to be promulgated without prior notice and hearing in order to advise affected persons as to how the changes in the tax credit will be implemented.