TITLE 42
State Affairs and Government

CHAPTER 42-64.21
Rhode Island Tax Increment Financing

SECTION 42-64.21-8


§ 42-64.21-8. Reporting requirements.

(a) By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and incentive amount of each agreement entered into during the previous state fiscal year to the division of taxation.

(b) By December 1, 2016, and each year thereafter, the division of taxation shall provide the governor with the sum, if any, to be appropriated to fund the program. The governor shall submit to the general assembly printed copies of a budget including the total of the sums, if any, as part of the governor's budget required to be appropriated for the program created under this chapter.

(c) By January 1, 2017, and each year thereafter, the commerce corporation shall report to the governor, the speaker of the house, the president of the senate, the chairpersons of the house and senate finance committees, and the house and senate fiscal advisors the address and incentive amount of each agreement entered into during the previous state fiscal year as well as any determination regarding the measurable impact of each and every agreement on the retention and expansion of existing jobs, stimulation of the creation of new jobs, attraction of new business and industry to the state, and stimulation of growth in real estate developments and/or businesses that are prepared to make meaningful investment and foster job creation in the state.

History of Section.
(P.L. 2015, ch. 141, art. 19, § 4.)