S2363

	2020 -- S 2363
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	LC004657
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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 PRESERVATION TAX CREDITS 2013

	Introduced By: Senators Conley, Miller, Satchell, Cano, and Pearson
	Date Introduced: February 13, 2020
	Referred To: Senate Finance
	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 "Historic
2	Preservation Tax Credits 2013" is hereby repealed.
3	44-33.6-11. Sunset.
4	No credits shall be authorized to be reserved pursuant to this chapter on or after June 30,
5	2020, or upon the exhaustion of the maximum aggregate credits, whichever comes first.
6	SECTION 2. This act shall take effect upon passage.
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	LC004657
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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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	LC004657
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