§ 44-71-4. Establishment of Rhode Island low-income housing tax credit program.
The Rhode Island low-income housing tax credit program is hereby established as a program under the jurisdiction and administration of the department. The program may provide tax credits for a period of five (5) years to applicants that are competitively selected and that meet the requirements of this chapter. The department shall not obligate Rhode Island low-income housing tax credits that cumulatively total in excess of thirty million dollars ($30,000,000) in any fiscal year.
History of Section.
P.L. 2023, ch. 79, art. 6, § 5, effective June 16, 2023.