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:

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     SECTION 1. Section 44-33.6-11 of the General Laws in Chapter 44-33.6 entitled

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"Historic Preservation Tax Credits 2013" is hereby repealed.

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     44-33.6-11. Sunset. -- No credits shall be authorized to be reserved pursuant to this

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chapter on or after June 30, 2016 or upon the exhaustion of the maximum aggregate credits,

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whichever comes first.

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     SECTION 2. This act shall take effect upon passage.

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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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     This act would repeal the sunset provision of chapter 33.6 of title 44 which grants tax

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credits to individuals or companies redeveloping historic structures.

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     This act would take effect upon passage.

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