=======

art.013/2/027/1

=======

1-1

ARTICLE 13

1-2

RELATING TO HISTORIC PRESERVATION TAX CREDIT TRUST FUND

1-3

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

1-4

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

1-5

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

1-6

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

1-7

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

1-8

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

1-9

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

1-10

developers as certified by the division of taxation.

1-11

     SECTION 2. This article shall take effect upon passage.