2021 -- H 5458

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LC001496

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2021

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A N   A C T

RELATING TO TAXATION -- HISTORIC PRESERVATION TAX CREDITS 2013

     

     Introduced By: Representatives Donovan, Speakman, Carson, Caldwell, Ajello, Fogarty,
Ruggiero, and Cortvriend

     Date Introduced: February 10, 2021

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-33.6-11 of the General Laws in Chapter 44-33.6 entitled "Historic

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Preservation Tax Credits 2013" is hereby repealed.

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     44-33.6-11. Sunset.

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     No credits shall be authorized to be reserved pursuant to this chapter on or after June 30,

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2021, or upon the exhaustion of the maximum aggregate credits, whichever comes first.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- HISTORIC PRESERVATION TAX CREDITS 2013

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     This act would repeal the sunset provision which ends historic preservation tax credits by

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June 30, 2021 or upon the exhaustion of the maximum aggregate credits, whichever comes first.

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     This act would take effect upon passage.

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LC001496

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