§ 42-64.9-2. Legislative findings and purpose.
It is found and declared that:
(1) Throughout the state of Rhode Island there are located numerous historic and industrial mill structures which over the past two (2) decades have experienced high vacancy rates and physical deterioration.
(2) Without added economic incentive, these structures are not viable for redevelopment and reuse by modern commercial and manufacturing enterprises and will continue their physical deterioration.
(3) The redevelopment and reuse of these historic industrial mill structures are of critical importance to the economic well-being of the state of Rhode Island and its towns and cities.
(4) The adoption of certain economic incentive measures will assist in stimulating the reuse and redevelopment of Rhode Island’s historic industrial mill structures, and will benefit the health, safety, welfare and prosperity of the people of this state.
History of Section.P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.9 - Mill Building and Economic Revitalization Act
Section 42-64.9-1. - Short title.
Section 42-64.9-2. - Legislative findings and purpose.
Section 42-64.9-4. - Definitions and construction.
Section 42-64.9-5. - Building certification process.
Section 42-64.9-6. - Notice of final designation of certified building.
Section 42-64.9-6.1. - Certified building rehabilitation.
Section 42-64.9-6.2. - Impact analysis and periodic reporting.
Section 42-64.9-7. - Specialized investment tax credit.
Section 42-64.9-8. - Business tax credits.
Section 42-64.9-9. - Interest income.
Section 42-64.9-10. - Exemption or stabilization of taxes.
Section 42-64.9-11. - Expedited permit process.
Section 42-64.9-12. - Expiration.
Section 42-64.9-13. - Examination of taxpayer’s records.
Section 42-64.9-14. - Penalties.
Section 42-64.9-15. - Revocation of certification.
Section 42-64.9-16. - Additional rules and regulations.