§ 42-64.9-6. Notice of final designation of certified building.
(a) Upon notice to the council that the municipality has satisfied the requirements of § 42-64.9-5(b)(2)(i) through (vi), the council shall provide to the municipality and to the certified building owner a written notice of final designation, which notice shall include a statement that an independent appraisal is required in order to comply with the requirements of § 42-64.9-4(13).
(b) The certification and the benefits accruing thereto shall apply for no more than five (5) years from the date of final designation by the council, except in the case of the carryover of unused specialized investment tax credits as provided by § 44-31-2, and in no case shall the benefits accruing be applied retroactively.
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.