(a)  Each taxpayer requesting certification of a completed rehabilitation shall report to the commission and the division of taxation the following information:

(1)  The number of total jobs created;

(2)  The number of Rhode Island businesses retained for work;

(3)  The total amount of qualified rehabilitation expenditures;

(4)  The total cost of materials or products purchased from Rhode Island businesses;

(5)  Such other information deemed necessary by the tax administrator.

Terms Used In Rhode Island General Laws 44-33.6-9

  • Commission: means the Rhode Island historical preservation and heritage commission created pursuant to § 42-45-2. See Rhode Island General Laws 44-33.6-2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Qualified rehabilitation expenditures: means any amounts expended in the rehabilitation of a certified historic structure properly capitalized to the building and either:

    (i)  Depreciable under the Internal Revenue Code, 26 U. See Rhode Island General Laws 44-33.6-2

(b)  Any agreements or contracts entered into under this chapter by the division, the commission, or the commerce corporation and the taxpayer shall be sent to the division of taxation and be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.

(c)  By August 15th of each year the division of taxation shall report the name, address, and amount of tax credit received for each credit recipient during the previous state fiscal year to the governor, the chairpersons of the house and senate finance committees, the house and senate fiscal advisors, and the department of labor and training. This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.

(d)  By September 1st of each year the division of taxation shall report in the aggregate the information required under subsection (a) of this section. This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.

(e)  By September 1, 2018, and biennially thereafter the division of taxation shall report in the aggregate the total number of approved projects, project costs, and associated amount of approved tax credits.

History of Section.
P.L. 2013, ch. 144, art. 22, § 2.