Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 20 - TAX CREDITS/DEDUCTIONS
Part 4 - Residential Lead Abatement Income Tax Credit (280-RICR-20-20-4)
Section 280-RICR-20-20-4.7 - Residential Lead Abatement Tax Relief Limitation

Universal Citation: 280 RI Code of Rules 20 20 4.7

Current through March 20, 2024

A. R.I. Gen. Laws §44-30-30.1 appropriates two hundred and fifty thousand dollars ($250,000) for the year commencing on July 1, 2004, and for each subsequent fiscal year.

B. An individual is entitled to a credit against his or her Rhode Island personal income tax liability for residential lead removal or lead hazard reduction if he or she:

1. obtains a housing resources commission regulated certificate of conformance for mitigation, pursuant to R.I. Gen. Laws Chapter 23-24.6; or

2. obtains a department of health regulated lead safe certificate for abatement pursuant to R.I. Gen. Laws Chapter 23-24; and

3. lead paint relief shall only apply to residential premises.

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