Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 20 - TAX CREDITS/DEDUCTIONS
Part 6 - Historic Preservation Tax Credits 2013 (280-RICR-20-20-6)
Section 280-RICR-20-20-6.15 - Reporting Requirements

Universal Citation: 280 RI Code of Rules 20 20 6.15

Current through March 20, 2024

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 QREs;

4. The total cost of materials or products purchased from Rhode Island businesses; and

5. Such other information deemed necessary by the Tax Administrator.

B. Any agreements or Contracts entered into under R.I. Gen. Laws Chapter 44-33.6 by the Division of Taxation, the Commission, or the Rhode Island Commerce Corporation and the Applicant 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 Division of Taxation's 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 (Developer or initial holder) 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 Division of Taxation's website.

D. By September 1st of each year the Division of Taxation shall report in the aggregate the information required under R.I. Gen. Laws § 44-33.6-9(a). This report shall be available to the public for Inspection by any person and shall be published by the Tax Administrator on the Division of Taxation's 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.

Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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