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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