Chapter 006
2021 -- H 5025
Enacted 04/23/2021

A N   A C T
RELATING TO TAXATION -- NORTH SMITHFIELD - HISTORIC RESIDENCE TAX CREDIT

Introduced By: Representative Brian C. Newberry
Date Introduced: January 15, 2021

It is enacted by the General Assembly as follows:
     SECTION 1. Section 44-4.1-2 of the General Laws in Chapter 44-4.1 entitled "Historic
Residence - Tax Credit" is hereby amended to read as follows:
     44-4.1-2. Definitions.
     As used in this chapter:
     (1) "Certified maintenance or rehabilitation" means any maintenance or rehabilitation of a
historic residence consistent with the character of that property or district as determined in
accordance with commission guidelines, or for the purposes of North Smithfield, "certified
maintenance or rehabilitation" means any maintenance or rehabilitation of a historic residence or
historic commercial structure consistent with the character of that property or district as determined
in accordance with the Secretary of the Interior's Standards for Rehabilitation and Guidelines for
Restoring Historic Buildings.
     (2) "Commission" means the Rhode Island historical preservation and heritage commission
created pursuant to § 42-45-2, or for purposes of the historic commercial structure property tax
reduction in Warren, the local historic district commission in Warren; or for purposes of the historic
structure property tax reduction in Narragansett, the local historic district commission in
Narragansett; or for purposes of the historic structure property tax reduction in Cumberland, the
local historic district commission in Cumberland; or for the purposes of the historic residence or
historic commercial structure property tax reduction in North Smithfield, the local historic district
commission in North Smithfield.
     (3) (4) "Historic residence" means a historic residential property or historic accessory
structure which that is not of a character subject to federal depreciation allowance pursuant to 26
U.S.C. § 167 or 168 and which that is:
     (i) Listed individually in the state register of historic places; or
     (ii) Located in a district listed in the state register of historic places and certified by the
commission as contributing to the historic character of that district; or
     (iii) Located in a local historic district zone as designated by a city or town under chapter
24.1 of title 45 and certified by the commission as contributing to the character of that historic
district zone; or
     (iv) Designated by a city or town as an individual structure subject to regulation by a local
historic district commission under chapter 24.1 of title 45.
     (4) (3) "Historic commercial structure" means: a historic structure in Warren or North
Smithfield utilized for commercial purposes, whole or in part, and which that is:
     (i) Listed individually in the state register of historic places; or
     (ii) Located in a district listed in the state register of historic places and certified by the
commission as contributing to the historic character of that district; or
     (iii) Located in a local historic district zone as designated by the town under chapter 24.1
of title 45 and certified by the commission as contributing to the character of that historic district
zone; or
     (iv) Designated by the town as an individual structure subject to regulation by a local
historic district commission under chapter 24.1 of title 45.
     SECTION 2. This act shall take effect upon passage.
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LC000497
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