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-20-20-4.9 - Income Eligibility

Universal Citation: 280 RI Code of Rules 20 20 4.9

Current through September 18, 2024

A. Claims shall be paid based on the following requirements:

1. Distributions will be provided first to claimants with a household income of thirty-five thousand two-hundred dollars ($35,200) or less during the year for which the claim was filed. The household income amount will be increased July 1st of each year by a percentage equal to the cost of living adjustment provided for social security recipients.

2. Secondly, distributions will be provided to claimants who rent or lease dwelling units to individuals whose household income was thirty-five thousand two-hundred dollars ($35,200) or less during the year for which the claim was filed. The household income amount will be increased July 1st of each year by a percentage equal to the cost of living adjustment provided for social security recipients.

3. All other claims will be paid once all applicants under §§ 4.9(A)(1) and (2) of this Part have been paid. However, if insufficient funds exist to pay the claims of this category in full, then payments will be made proportionately for the remaining claims. No payment shall exceed one hundred percent (100%) of the amount claimed.

4. The statute states that no interest is allowed on any payment made to a claimant.

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