| Chapter 047 |
| 2020 -- S 2805 Enacted 06/27/2020 |
| A N A C T |
| RELATING TO TAXATION - HISTORIC RESIDENCE - TAX CREDIT |
| Introduced By: Senators Pearson, and Picard |
| Date Introduced: March 12, 2020 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-4.1-2 of the General Laws in Chapter 44-4.1 entitled "Historic |
| Residence - Tax Credit" is hereby amended to read as follows: |
| 44-4.1-2. Definitions. |
| As used in this chapter: |
| (1) "Certified maintenance or rehabilitation" means any maintenance or rehabilitation of a |
| historic residence consistent with the character of that property or district as determined in |
| accordance with commission guidelines. |
| (2) "Commission" means the Rhode Island historical preservation and heritage commission |
| created pursuant to § 42-45-2, or for purposes of the historic commercial structure property tax |
| reduction in Warren, the local historic district commission in Warren; or for purposes of the historic |
| structure property tax reduction in Narragansett, the local historic district commission in |
| Narragansett; or for purposes of the historic structure property tax reduction in Cumberland, the |
| local historic district commission in Cumberland. |
| (3) "Historic residence" means a historic residential property which is not of a character |
| subject to federal depreciation allowance pursuant to 26 U.S.C. § 167 or 168 and which is: |
| (i) Listed individually in the state register of historic places; or |
| (ii) Located in a district listed in the state register of historic places and certified by the |
| commission as contributing to the historic character of that district; or |
| (iii) Located in a local historic district zone as designated by a city or town under chapter |
| 24.1 of title 45 and certified by the commission as contributing to the character of that historic |
| district zone; or |
| (iv) Designated by a city or town as an individual structure subject to regulation by a local |
| historic district commission under chapter 24.1 of title 45. |
| (4) "Historic commercial structure" means: a historic structure in Warren utilized for |
| commercial purposes, whole or in part, and which is: |
| (i) Listed individually in the state register of historic places; or |
| (ii) Located in a district listed in the state register of historic places and certified by the |
| commission as contributing to the historic character of that district; or |
| (iii) Located in a local historic district zone as designated by the town under chapter 24.1 |
| of title 45 and certified by the commission as contributing to the character of that historic district |
| zone; or |
| (iv) Designated by the town as an individual structure subject to regulation by a local |
| historic district commission under chapter 24.1 of title 45. |
| SECTION 2. This act shall take effect upon passage. |
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| LC004823 |
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