ARTICLE 13

RELATING TO HISTORIC PRESERVATION TAX CREDIT TRUST FUND

SECTION 1. Section 44-33.2-4.1 of the General Laws in Chapter 44-33.2 entitled

“Historic Structures – Tax Credit” is hereby amended to read as follows:

44-33.2-4.1. Historic preservation tax credit trust fund. -- All processing fees

collected pursuant to this chapter after June 30, 2008 shall be deposited in a historic preservation

tax credit restricted receipt account within the state general historic preservation tax credit trust

fund, which shall be used, to the extent resources are available, to fund historic structure tax

credits taken by taxpayers to refund or reimburse historic tax credit processing fees paid by

developers as certified by the division of taxation.

SECTION 2. This article shall take effect upon passage.