§ 42-64.30-4. Establishment of anchor institution tax credit.
The tax credit program is hereby established as a program under the jurisdiction of the commerce corporation and shall be administered by the commerce corporation. The purposes of the program are to encourage economic development and job creation in connection with the relocation of qualified businesses to the state of Rhode Island by providing an incentive to existing Rhode Island businesses to encourage a qualified business to relocate to Rhode Island. To implement these purposes, the program may provide tax credits to eligible businesses for a period of five (5) years.
History of Section.P.L. 2015, ch. 141, art. 19, § 13.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.30 - Anchor Institution Tax Credit
Section 42-64.30-1. - Short title.
Section 42-64.30-2. - Statement of intent.
Section 42-64.30-3. - Definitions.
Section 42-64.30-4. - Establishment of anchor institution tax credit.
Section 42-64.30-5. - Allowance of tax credits.
Section 42-64.30-6. - Administration.
Section 42-64.30-7. - Rules and regulations.
Section 42-64.30-8. - Anchor institution tax credit fund.
Section 42-64.30-9. - Program integrity.