S0862

	2015 -- S 0862
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	LC002542
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2015
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	A N A C T
	RELATING TO TAXATION-HISTORIC PRESERVATION TAX CREDITS 2013

	Introduced By: Senators Miller, Ruggerio, Goodwin, Ciccone, and Jabour
	Date Introduced: April 28, 2015
	Referred To: Senate Finance
	(by request)
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 44-33.6-11 of the General Laws in Chapter 44-33.6 entitled
2	"Historic Preservation Tax Credits 2013" is hereby repealed.
3	44-33.6-11. Sunset. -- No credits shall be authorized to be reserved pursuant to this
4	chapter on or after June 30, 2016 or upon the exhaustion of the maximum aggregate credits,
5	whichever comes first.
6	SECTION 2. This act shall take effect upon passage.
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	LC002542
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION-HISTORIC PRESERVATION TAX CREDITS 2013
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1	This act would repeal the sunset provision of chapter 33.6 of title 44 which grants tax
2	credits to individuals or companies redeveloping historic structures.
3	This act would take effect upon passage.
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	LC002542
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	LC002542 - Page 2 of 2