2017 -- S 0136

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LC000462

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2017

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A N   A C T

RELATING TO TAXATION -- HISTORIC PRESERVATION TAX CREDITS 2013

     

     Introduced By: Senators Miller, Ruggerio, and Goodwin

     Date Introduced: February 01, 2017

     Referred To: Senate Finance

     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"Historic Preservation Tax Credits 2013" is hereby repealed.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.

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     No credits shall be authorized to be reserved pursuant to this chapter on or after June 30,

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2017, or upon the exhaustion of the maximum aggregate credits, 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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