2020 -- H 7915 | |
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LC005024 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2020 | |
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A N A C T | |
RELATING TO TAXATION - HISTORIC RESIDENCE - TAX CREDIT | |
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Introduced By: Representatives Ackerman, Phillips, McLaughlin, and Marszalkowski | |
Date Introduced: February 26, 2020 | |
Referred To: House Municipal Government | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-4.1-2 of the General Laws in Chapter 44-4.1 entitled "Historic |
2 | Residence - Tax Credit" is hereby amended to read as follows: |
3 | 44-4.1-2. Definitions. |
4 | As used in this chapter: |
5 | (1) "Certified maintenance or rehabilitation" means any maintenance or rehabilitation of a |
6 | historic residence consistent with the character of that property or district as determined in |
7 | accordance with commission guidelines. |
8 | (2) "Commission" means the Rhode Island historical preservation and heritage commission |
9 | created pursuant to § 42-45-2, or for purposes of the historic commercial structure property tax |
10 | reduction in Warren, the local historic district commission in Warren; or for purposes of the historic |
11 | structure property tax reduction in Narragansett, the local historic district commission in |
12 | Narragansett; or for purposes of the historic structure property tax reduction in Cumberland, the |
13 | local historic district commission in Cumberland. |
14 | (3) "Historic residence" means a historic residential property which is not of a character |
15 | subject to federal depreciation allowance pursuant to 26 U.S.C. § 167 or 168 and which is: |
16 | (i) Listed individually in the state register of historic places; or |
17 | (ii) Located in a district listed in the state register of historic places and certified by the |
18 | commission as contributing to the historic character of that district; or |
19 | (iii) Located in a local historic district zone as designated by a city or town under chapter |
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1 | 24.1 of title 45 and certified by the commission as contributing to the character of that historic |
2 | district zone; or |
3 | (iv) Designated by a city or town as an individual structure subject to regulation by a local |
4 | historic district commission under chapter 24.1 of title 45. |
5 | (4) "Historic commercial structure" means: a historic structure in Warren utilized for |
6 | commercial purposes, whole or in part, and which is: |
7 | (i) Listed individually in the state register of historic places; or |
8 | (ii) Located in a district listed in the state register of historic places and certified by the |
9 | commission as contributing to the historic character of that district; or |
10 | (iii) Located in a local historic district zone as designated by the town under chapter 24.1 |
11 | of title 45 and certified by the commission as contributing to the character of that historic district |
12 | zone; or |
13 | (iv) Designated by the town as an individual structure subject to regulation by a local |
14 | historic district commission under chapter 24.1 of title 45. |
15 | 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 RESIDENCE - TAX CREDIT | |
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1 | This act would amend the definition of "Commission" for the purposes of the state |
2 | historical residence tax credits to include the Cumberland local historic district commission. |
3 | This act would take effect upon passage. |
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