Title 44
Taxation

Chapter 30.3
Residential Lead Abatement Income Tax Credit

R.I. Gen. Laws § 44-30.3-2

§ 44-30.3-2. Residential lead abatement tax relief — Income eligibility.

Claims shall be paid based on the following requirements:

(a) A claimant whose household income was equal to or less than thirty-five thousand two-hundred dollars ($35,200) during the year for which the claim was filed will have their claim paid prior to the payment of other claims in accordance with the requirements of this chapter.

(b) A claimant who rents or leases a dwelling unit to individuals whose household income was equal to or less than thirty-five thousand two-hundred dollars ($35,200) during the year for which the claim was filed shall not be paid until the total amount of all claims has been paid under subsection (a).

(c) All other claimants, without regard to income or property ownership, shall not be paid until the total amount of all claims has been paid under subsections (a) and (b).

(d) If insufficient funds exist annually to pay the full amount of all claims, the tax administrator shall make payments to each claimant proportionately for those claims made pursuant to subsection (c). No payment shall exceed one hundred percent (100%) of the amount of the claim.

(e) On July 1st of each year, the maximum amount of allowable income for claimants set forth in subsections (a) and (b) shall be increased by a percentage equal to the percentage of the cost of living adjustment provided for social security recipients.

History of Section.
P.L. 2004, ch. 595, art. 17, § 11.