§ 44-30-21. Hydroelectric development tax credit — Definitions.
For purposes of this chapter:
(1) “Existing dam” means any dam located in this state or immediately adjacent to it, the construction of which was completed on or before May 20, 1981, and which does not require any construction or enlargement of impoundment structures, other than repairs or reconstruction, in connection with the installation of any small hydroelectric power project;
(2) “Hydroelectric power developer” means any person or corporation who owns or leases an existing dam and who installs hydroelectric power generation equipment and utilizes that equipment to generate hydroelectric power;
(3) “Installation costs” means all expenditures related to the design, construction, installation, or repair of all facilities necessary for hydroelectric power production in this state;
(4) “Small hydroelectric power production facility” means any hydroelectric power project which is located in this state, which uses the water power potential of an existing dam, and which has not more than fifteen thousand (15,000) kilowatts of installed capacity.
History of Section.P.L. 1980, ch. 246, § 1; P.L. 1981, ch. 223, § 1.
Structure Rhode Island General Laws
Chapter 44-30 - Personal Income Tax
Section 44-30-11. - Resident husband and wife.
Section 44-30-12. - Rhode Island income of a resident individual.
Section 44-30-13, 44-30-14. - Repealed.
Section 44-30-15. - Resident partners.
Section 44-30-16. - Rhode Island income of a resident estate or trust.
Section 44-30-18. - Credit for income taxes of other states.
Section 44-30-19. - Credit to trust beneficiary receiving accumulation distribution.
Section 44-30-21. - Hydroelectric development tax credit — Definitions.
Section 44-30-22. - Tax credit for installation costs.
Section 44-30-23. - Extended credits.
Section 44-30-24. - Tax credit for art.
Section 44-30-25. - Modification relating to family education accounts.
Section 44-30-25.1. - Scituate — Modification relating to medical savings accounts.