reglab/statecodes huggingface dataset:
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64 - Rhode Island Commerce Corporation › Section 42-64-37. - Loan and loan guarantee programs.

§ 42-64-37. Loan and loan guarantee programs.
(a)
The board shall establish by January, 2014, a risk management program for all loans, loan guarantees and all other financial commitments into which the corporation enters. The program shall be established in conjunction with the state’s banking regulators and shall consist of at least the following components:
(1)
A set of principles and guidelines for providing any financial commitments to be made by the corporation; and
(2)
A public process for providing financial commitments to include the formation of a sub-committee of the board to review, analyze and approve all commitments. This process shall include the formation of a sub-committee that consists of members of the board and other non-board members that shall have no affiliation with the corporation or with the organization seeking the financial commitment. The board shall appoint the non-board members. No employee of the corporation shall be a member of the sub-committee. The sub-committee shall be required to approve or reject the financial commitment in accordance with the set of principles established by the board.
(b)
The board shall approve in public session all financial commitments after the sub-committee has rendered its opinion regarding the commitment. The board shall opine that the commitment meets the principles and guidelines established by the board.
(c)
The board shall annually audit and provide a risk analysis of all outstanding financial commitments. The board shall engage an external firm qualified to conduct such analysis and shall submit the report to the general assembly, chairs of the house finance committee and the senate finance committee.
(d)
The board shall establish a monitoring process for each financial commitment which shall be a part of the risk analysis report.
(e)
The board shall review the risk analysis report and make modifications to the financial commitment as it deems necessary.
History of Section.
P.L. 2013, ch. 243, § 5; P.L. 2013, ch. 490, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64 - Rhode Island Commerce Corporation › Section 42-64-38. - Audit of the corporation.

§ 42-64-38. Audit of the corporation.
(a)
Commencing July 1, 2014, and every five (5) years thereafter, the corporation shall be subject to a performance audit, conducted in compliance with the generally accepted governmental auditing standards, by the office of internal audit or a certified public accounting firm qualified in performance audits.
(b)
If the audit is not directly performed by his or her office, the selection of the auditor and the scope of the audit shall be subject to the approval of the chief of the office of internal audit.
(c)
The audit shall be conducted in conformance with subsections 35-7-3(b) through (d).
(d)
The results of the audit shall be made public upon completion, posted on the websites of the office of internal audit and the corporation.
(e)
The corporation shall be responsible for all costs associated with the audit.
History of Section.
P.L. 2013, ch. 243, § 5; P.L. 2013, ch. 490, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64 - Rhode Island Commerce Corporation › Section 42-64-39. - Business development center.

§ 42-64-39. Business development center.
There shall be established within the Rhode Island commerce corporation a business development center that supports businesses and projects through a customer centric approach to providing assistance or support as determined by the board of directors for businesses within Rhode Island to maintain, expand and to create new employment opportunities. The center shall provide a concierge-level of call service that meets standards established by the board to assist businesses in navigating through the various permitting and regulatory requirements and to reduce obstacles to growth within the state. The services shall include but not be limited to peer to peer assistance, mentoring, finance options, and services as the board may determine.
History of Section.
P.L. 2013, ch. 268, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64 - Rhode Island Commerce Corporation › Section 42-64-40. - Court-approved settlements.

§ 42-64-40. Court-approved settlements.
(a)
Notwithstanding any provisions of law to the contrary, a person, corporation, or other entity who has resolved its liability to the Rhode Island commerce corporation in a judicially approved good faith settlement is not liable for claims for contribution or equitable indemnity regarding matters addressed in the settlement. The settlement does not discharge any other joint tortfeasors unless its terms provide, but it reduces the potential liability of the joint tortfeasors by the amount of the settlement.
(b)
The provisions of this section apply solely and exclusively to settlements of claims asserted or previously asserted by the Rhode Island economic development corporation or the Rhode Island commerce corporation or hereafter asserted by the Rhode Island commerce corporation arising out of or relating to the issuance by the Rhode Island economic development corporation of seventy-five million dollars ($75,000,000) in revenue bonds denominated “THE RHODE ISLAND ECONOMIC DEVELOPMENT CORPORATION JOB CREATION GUARANTY PROGRAM TAXABLE REVENUE BOND (38 STUDIOS, LLC PROJECT) SERIES 2010” and shall not be construed to amend or repeal the provisions of chapter 6 of title 10 relating to contributions among joint tortfeasors, other than as specifically provided in this section.
(c)
For purposes of this section, a good faith settlement is one that does not exhibit collusion, fraud, dishonesty, or other wrongful or tortious conduct intended to prejudice the non-settling tortfeasor(s), irrespective of the settling or non-settling tortfeasors’ proportionate share of liability.
History of Section.
P.L. 2014, ch. 3, § 1; P.L. 2014, ch. 4, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64 - Rhode Island Commerce Corporation › Section 42-64-41. - Report regarding small business lending.

§ 42-64-41. Report regarding small business lending.
(a)
On or before January 15, 2015, the Rhode Island commerce corporation shall prepare a report that identifies options for the creation of programs to provide access to capital for small and micro businesses in low-and-moderate income, minority, and other underserved communities, including women-and-minority-owned businesses.
(b)
The report shall include an evaluation of current lending policies and outcomes, as well as suggestions regarding how to increase lending to minority business enterprises. The report shall be provided to the governor, the speaker of the house, the president of the senate, and the chairs of house and senate finance committees.
History of Section.
P.L. 2014, ch. 479, § 1; P.L. 2014, ch. 523, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.1 - Economic Development Assistance › Section 42-64.1-1. - Short title.

§ 42-64.1-1. Short title.
This chapter shall be known as the “Rhode Island Economic Development Assistance Act”.
History of Section.
P.L. 1979, ch. 157, Part II, § 1; P.L. 1986, ch. 198, § 39.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.1 - Economic Development Assistance › Section 42-64.1-2. - Legislative findings.

§ 42-64.1-2. Legislative findings.
(a)
It is found and declared that there exists in our state a condition of substantial and persistent unemployment and underemployment which causes hardship to many individuals and families, wastes vital human resources, increases the public assistance burdens of the state, impairs the security of family life, contributes to crime and delinquency, prevents many of our youths from continuing their education, impedes the economic and physical development of municipalities and adversely affects the welfare and prosperity of our state; that many existing industrial and business facilities in our state are obsolete and inefficient, and dilapidated; that many of these facilities are under utilized or in the process of being vacated, creating additional unemployment; that there exists an acute shortage of land suitable for industrial and business development; that new industrial and business facilities are required to attract and house new industries and businesses and allow expansion and improvement of existing industry and business and thereby reduce the hazards of unemployment; that unaided efforts of private enterprises have not met and cannot meet the needs of providing new industrial and business facilities due to problems encountered in assembling suitable building sites, lack of adequate public service, unavailability of private capital for development, and the inability of private enterprise alone to plan, finance, and coordinate industrial and business development; that the economic insecurity attendant to this chronic and new unemployment and the absence of new employment opportunities constitutes a serious menace for the safety, morals, and general welfare of the people of our state.
(b)
It is declared to be the policy of the state to promote a vigorous and growing economy, to prevent economic stagnation and to encourage the creation of new job opportunities in order to ameliorate the hazards of unemployment and underemployment, reduce the level of public assistance, increase revenues to the state and its municipalities and to achieve a stable diversified economy.
(c)
It is found and declared that assisting the Rhode Island economic development corporation, as defined below (hereinafter referred to as the “economic development corporation”) to acquire and improve land and facilities for industrial and business purposes are public uses and purposes for which public moneys may be expended.
History of Section.
P.L. 1979, ch. 157, Part II, § 1; P.L. 1986, ch. 198, § 39; P.L. 1995, ch. 370, art. 12, § 9.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.1 - Economic Development Assistance › Section 42-64.1-3. - Definitions.

§ 42-64.1-3. Definitions.
As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent:
(1)
“Economic development project” means a project undertaken by the economic development corporation for the acquisition, improvement and development of land and facilities thereon, for sale or lease to, and use by private industry and business (or for the discharge of indebtedness incurred by the port authority in connection with the foregoing activities) and shall include, without limiting the generality of the foregoing, the development of industrial parks, the acquisition of lands, buildings and other improvements, the installation, construction or reconstruction of site improvements, utilities, sewerage and water lines and systems, water towers, roads, rights-of-way, easements, engineering services, and other expenses related to the acquisition, improvement, and disposition of the project.
(2)
“Project area” means the area within which the development project is located.
(3)
“Rhode Island economic development corporation” means the public corporation and governmental agency and instrumentality of the state created pursuant to the Rhode Island Economic Development Corporation Act, or any subsidiary corporation approved by the general assembly.
(4)
“The Rhode Island Economic Development Corporation Act” means chapter 64 of this title, as amended or supplemented from time to time.
History of Section.
P.L. 1979, ch. 157, Part II, § 1; P.L. 1986, ch. 198, § 39; P.L. 1995, ch. 370, art. 12, § 9.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.1 - Economic Development Assistance › Section 42-64.1-4. - Economic development project plan.

§ 42-64.1-4. Economic development project plan.
The Rhode Island economic development corporation may initiate an economic development project by adopting an economic development project plan in accordance with the provisions of this chapter, the Rhode Island Economic Development Corporation Act, chapter 64 of this title, and any regulations of the economic development corporation. A project plan may be amended from time to time and may include:
(1)
A general description of the land within the project area;
(2)
A general description of the present condition and uses of the land and any improvements on the land;
(3)
A general description of the land uses or building uses proposed by the economic development corporation for the project area; and
(4)
Any other items as the port authority may, in its discretion, deem appropriate.
History of Section.
P.L. 1979, ch. 157, Part II, § 1; P.L. 1995, ch. 370, art. 12, § 9.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-1. - Short title.

§ 42-64.2-1. Short title.
This chapter shall be known as the “Rhode Island Public Rail Corporation Act”.
History of Section.
P.L. 1982, ch. 205, § 1; P.L. 1986, ch. 198, § 40; P.L. 1991, ch. 336, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-2. - Creation.

§ 42-64.2-2. Creation.
(a)
There is authorized, created, and established a public corporation of the state having a distinct legal existence from the state and not constituting a department of state government, which is a governmental agency and public instrumentality of the state, to be known as the Rhode Island public rail corporation (formerly the Rhode Island East Bay commuter transit corporation) with those powers that are set forth in this chapter, for the purposes of acquiring and developing real and personal property and to provide financing to others as set forth in this chapter, promoting the economic development of the state and the general welfare of its citizens.
(b)
The exercise by the Rhode Island public rail corporation of the powers conferred by this chapter shall be deemed and held to be the performance of an essential governmental function of the state for public purposes. It is the intent of the general assembly by the passage of this chapter to vest in the corporation all powers, authority, rights, privileges, and titles which may be necessary to enable it to accomplish the purposes set forth, and this chapter and the powers granted shall be liberally construed in conformity with those purposes.
(c)
The Rhode Island public rail corporation and its corporate existence shall continue until terminated by law or until the corporation shall cease entirely and continuously to conduct or be involved in any business whatsoever in furtherance of its purposes; provided, that no termination shall take effect, so long as the corporation shall have bonds, notes, or other obligations outstanding, unless adequate provision shall have been made for their payment pursuant to the documents securing the bonds, notes or other obligations or to the law. Upon termination of the existence of the corporation, all its rights and properties shall pass to and be vested in the state. At no time shall the assets or other property of the corporation inure to the benefit of any person or other corporation or entity.
History of Section.
P.L. 1982, ch. 205, § 1; P.L. 1986, ch. 198, § 40; P.L. 1991, ch. 336, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-3. - Purposes.

§ 42-64.2-3. Purposes.
The Rhode Island public rail corporation is authorized, created, and established for the purpose of enhancing and preserving the viability of commuter transit and railroad freight operations in Rhode Island.
History of Section.
P.L. 1982, ch. 205, § 1; P.L. 1991, ch. 336, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-6. - Directors.

§ 42-64.2-6. Directors.
The powers of the Rhode Island public rail corporation shall be vested in a board of directors consisting of a director of the state department of administration, the director of the state department of transportation, and the chairperson of the Rhode Island public transit authority or the designee of each.
History of Section.
P.L. 1982, ch. 205, § 1; P.L. 1986, ch. 198, § 40; P.L. 2009, ch. 127, § 1; P.L. 2009, ch. 167, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-7. - Reports.

§ 42-64.2-7. Reports.
The annual report of the Rhode Island public rail corporation shall be sent to the governor, the general assembly, and to the chief elected officials of cities and towns in which the corporation owns real estate. The report shall include a complete report of the operations and financial status of the Rhode Island public rail corporation.
History of Section.
P.L. 1982, ch. 205, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-8. - Exemption from taxation.

§ 42-64.2-8. Exemption from taxation.
The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, the increase of their commerce, welfare and prosperity and for the improvement of their health and living conditions and will constitute the performance of an essential governmental function, and the corporation shall not be required to pay any taxes or assessments upon or in respect of any project or of any property or moneys of the corporation, levied by any municipality or political subdivision of the state; provided, that the corporation shall make payments in lieu of real property taxes and assessments to municipalities and political subdivisions with respect to projects of the corporation located in the municipalities and political subdivisions during those times that the corporation derives revenue from the lease or operation of the projects. The payments in lieu of taxes shall be in any amounts that shall be agreed upon by the corporation and the affected municipalities and political subdivisions.
History of Section.
P.L. 1982, ch. 205, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-9. - Liberal construction.

§ 42-64.2-9. Liberal construction.
Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the corporation might otherwise have under any laws of this state, and this chapter is cumulative to any of those powers. This chapter does and shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws.
History of Section.
P.L. 1982, ch. 205, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-10. - Inconsistent provisions in other laws superseded.

§ 42-64.2-10. Inconsistent provisions in other laws superseded.
Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general, special or local, the provisions of this chapter shall be controlling.
History of Section.
P.L. 1982, ch. 205, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.2 - Rhode Island Public Rail Corporation Act › Section 42-64.2-11. - Severability.

§ 42-64.2-11. Severability.
If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, the judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, section, or part thereof directly involved in the controversy in which the judgment shall have been rendered.
History of Section.
P.L. 1982, ch. 205, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-1. - Short title.

§ 42-64.3-1. Short title.
This chapter shall be known as the “Distressed Areas Economic Revitalization Act”.
History of Section.
P.L. 1982, ch. 396, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-2. - Legislative findings.

§ 42-64.3-2. Legislative findings.
The general assembly finds and declares:
(1)
That there are certain distressed areas in this state which are characterized by substantial and persistent levels of unemployment; blighted areas; obsolete, dilapidated, and abandoned industrial and commercial structures; and, as a consequence, continually shrinking tax bases which threaten their very existence;
(2)
That the numerous programs undertaken by the federal government and the state during the past two (2) decades to stop the deterioration and stimulate economic activity in these urban areas have, in large part, failed;
(3)
That it is the public policy of this state to undertake an experimental program to stimulate economic revitalization, promote employment opportunities, and encourage business development and expansion in distressed areas.
History of Section.
P.L. 1982, ch. 386, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-3.1. - Enterprise zone council.

§ 42-64.3-3.1. Enterprise zone council.
(a)
There is created within the Rhode Island commerce corporation the “enterprise zone council,” which shall consist of five (5) members to be appointed by the governor; one member shall be the chief executive officer of the Rhode Island commerce corporation; one member shall represent the urban league of Rhode Island; one member shall represent the Rhode Island League of Cities and Towns; and two (2) members from the general public. The governor shall designate one member to serve as chairperson of the enterprise zone council.
(b)
The members shall be appointed for terms of five (5) years each; provided, however, of the members originally appointed, one shall be appointed for a term of one year, one shall be appointed for a term of two (2) years, one shall be appointed for a term of three (3) years, one shall be appointed for a term of four (4), years and one shall be appointed for a term of five (5) years.
(c)
In carrying out its powers and duties under this chapter, the council shall utilize the staffs and resources of the division of statewide planning and the Rhode Island commerce corporation. Those agencies and other departments and agencies of state government shall cooperate with the council in carrying out its mandate under this chapter.
(d)
The council shall promulgate rules and regulations necessary to implement the intent of this chapter.
(e)
[Deleted by P.L. 2014, ch. 7, § 2 and P.L. 2014, ch. 8, § 2].
History of Section.
P.L. 1991, ch. 340, § 2; P.L. 1993, ch. 92, § 1; P.L. 1995, ch. 370, art. 12, § 10; P.L. 2013, ch. 243, § 4; P.L. 2013, ch. 490, § 4; P.L. 2014, ch. 7, § 2; P.L. 2014, ch. 8, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-4. - Designation of enterprise zones.

§ 42-64.3-4. Designation of enterprise zones.
(a)
The council may designate qualified United States Bureau of the Census divisions or delineations as enterprise zones upon receiving notice from the appropriate governing authority that the governing authority agrees to:
(1)
Devise and implement a program of police protection within the enterprise zone;
(2)
Give priority to the use in the enterprise zone of any urban development action grant (UDAG), community development block grant (CDBG), economic development administration (EDA) or job training, housing or economic development assistance funds or job training funds received from the federal government;
(3)
Assist the council in certifying employers to be eligible for the benefits of this chapter;
(4)
Promulgate local regulations and ordinances which serve to encourage economic development within the enterprise zone;
(5)
Assist the council in evaluating progress made in any enterprise zone within its jurisdiction; and
(6)
Amend local zoning ordinances or regulations.
(b)
The council may designate five (5) zones per year but shall be limited to designating a total of ten (10) zones in the next three (3) years and this designation shall remain in effect for five (5) years unless redesignated by the council after a request of the appropriate governing authority.
History of Section.
P.L. 1982, ch. 396, § 1; P.L. 1991, ch. 340, § 1; P.L. 1992, ch. 255, § 1; P.L. 1993, ch. 96, § 1; P.L. 1994, ch. 338, § 1; P.L. 2002, ch. 64, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-5.1. - Coordination with existing programs.

§ 42-64.3-5.1. Coordination with existing programs.
To the maximum extent possible, the directors of the departments of administration, business regulation, labor and training, environmental management, workforce 2000, human services, transportation, and the Rhode Island housing and mortgage finance corporation will provide special assistance to the zones. This will include, but not be limited to:
(1)
Expedited processing;
(2)
Priority funding;
(3)
Program set asides; and
(4)
Provision of technical assistance in furtherance of the public policy enunciated in § 42-64.3-2(2).
History of Section.
P.L. 1991, ch. 340, § 2; P.L. 1993, ch. 92, § 2; P.L. 1995, ch. 370, art. 12, § 10.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-7. - Resident business owner tax modification.

§ 42-64.3-7. Resident business owner tax modification.
(a)
In computing his or her annual tax liability pursuant to the provisions of chapter 11 or 30 of title 44, a domiciliary of an enterprise zone who owns and operates a qualified business facility in that zone and which business is not required to file under chapter 11, 13, 14 or 17 of title 44 may:
(1)
For the first three (3) years after certification, whether or not consecutive, deduct fifty thousand dollars ($50,000) per year as a modification reducing federal adjusted gross income; and
(2)
For the fourth and fifth years after certification, whether or not consecutive, deduct twenty-five thousand dollars ($25,000) per year as a modification reducing federal adjusted gross income.
(b)
Any modification provided in subdivisions (1) and (2) of subsection (a) shall not be available in taxable years other than the year in which the taxpayer qualifies for tax modification.
(c)
In the case of multiple business owners, the modifications provided in subdivisions (1) and (2) of subsection (a) shall be apportioned according to the ownership interests of the domiciliary owners of the qualified business.
(d)
A taxpayer who elects this modification shall not be eligible for the business tax credits under § 42-64.3-6.
History of Section.
P.L. 1982, ch. 396, § 1; P.L. 1991, ch. 340, § 1; P.L. 1994, ch. 176, § 1; P.L. 1997, ch. 68, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-8.2. - Promotion of the zone.

§ 42-64.3-8.2. Promotion of the zone.
The Rhode Island economic development corporation shall promote the existence of the zone(s) and the tax incentives contained in this chapter.
History of Section.
P.L. 1991, ch. 340, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-9. - Standards for business property tax adjustment.

§ 42-64.3-9. Standards for business property tax adjustment.
Notwithstanding the provisions of chapters 3 — 9 of title 44, real and tangible property taxes in enterprise zones for qualified businesses may be exempted or stabilized upon authorization of the city or town council. Nothing in this section shall be deemed to permit the exemption or stabilization for any manufacturing or commercial concern locating from one city or town within the state to another.
History of Section.
P.L. 1982, ch. 396, § 1; P.L. 1991, ch. 340, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-9.1. - Authority for business property tax adjustment — West Warwick.

§ 42-64.3-9.1. Authority for business property tax adjustment — West Warwick.
Notwithstanding the provisions of § 44-3-9, the West Warwick Town Council may stabilize real and tangible property taxes in connection with the development and construction of a hotel/waterpark to be located in the West Warwick Business Park for a period not to exceed twenty-five (25) years.
History of Section.
P.L. 2008, ch. 3, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-10. - Additional rules and regulations.

§ 42-64.3-10. Additional rules and regulations.
The state tax administrator shall promulgate appropriate rules or regulations to insure the proper administration of the taxation provisions of this chapter. The council shall promulgate appropriate rules or regulations to certify qualified businesses and to determine that a business is entitled to carry forward tax credits as provided in § 42-64.3-6 and shall advise the tax administrator and taxpayers of these rules and regulations and shall promulgate any other rules and regulations that may be necessary to carry out the provisions of this chapter.
History of Section.
P.L. 1982, ch. 396, § 1; P.L. 1991, ch. 340, § 1; P.L. 1999, ch. 31, art. 13, § 1; P.L. 1999, ch. 153, § 1; P.L. 1999, ch. 177, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-10.1. - Qualified business facilities in two enterprise zones.

§ 42-64.3-10.1. Qualified business facilities in two enterprise zones.
Notwithstanding the provisions of this chapter, when a qualified business has separate manufacturing facilities in two separate enterprise zones, the qualified business will continue to maintain its qualified status with respect to the enterprise zones if the net addition of new employees of both sites combined meets or exceed the requirements of §42-64.3-3(4).
History of Section.
P.L. 1995, ch. 202, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-11. - Penalty for failure to comply.

§ 42-64.3-11. Penalty for failure to comply.
Any qualified business, officer or employee of a qualified business who willfully fails to comply with the provisions of this chapter or otherwise submits false or misleading information is guilty of a misdemeanor. Upon conviction, the qualified business, officer or employee of a qualified business shall be fined an amount not to exceed three (3) times the amount of tax credits received by the company or be imprisoned for a period not exceeding one year, or both.
History of Section.
P.L. 1994, ch. 176, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-12. - Applicability to federal enterprise zones and communities.

§ 42-64.3-12. Applicability to federal enterprise zones and communities.
Consistent with the provisions of this chapter, any company whose state-based operations are within the boundaries of a federal enterprise zone or enterprise community shall be deemed eligible to qualify for the benefits afforded by this chapter; provided, however, that the benefits shall be applicable only to that portion of the company’s business which is conducted from within the federal enterprise zone or enterprise community.
History of Section.
P.L. 1998, ch. 74, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.3 - Distressed Areas Economic Revitalization Act › Section 42-64.3-13. - Severability.

§ 42-64.3-13. Severability.
If the provisions of this chapter or the application of this chapter to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to this end the provisions of the chapter are declared to be severable.
History of Section.
P.L. 1982, ch. 396, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.4 - Economic Development Reporting › Section 42-64.4-1. - Short title.

§ 42-64.4-1. Short title.
This chapter shall be known and may be cited as the “Economic Development Reporting Act”.
History of Section.
P.L. 1992, ch. 338, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.4 - Economic Development Reporting › Section 42-64.4-2. - Annual reports.

§ 42-64.4-2. Annual reports.
Any board, corporation, commission or other entity of the state which issues or approves tax-exempt bonds, or bonds which are partially tax-exempt, for private uses, including, but not necessarily limited to, industrial revenue bonds, and any corporation or agency whose purpose is to encourage economic development or to assist private development in any manner by the issuance or approval of tax exempt bonds or bonds which are partially tax-exempt or by the insurance of private financing, shall submit sufficient information to the executive director of the economic development corporation to enable the executive director to submit an annual report to the general assembly containing the information described in § 42-64.4-3, and the executive director shall submit a report by March 1 of each year.
History of Section.
P.L. 1992, ch. 338, § 1; P.L. 1995, ch. 370, art. 12, § 11.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.4 - Economic Development Reporting › Section 42-64.4-3. - Contents of annual report.

§ 42-64.4-3. Contents of annual report.
The annual reports required by the provisions of this chapter shall include:
(1)
The annual budget of the board, corporation, commission or state entity affected by the provisions of this chapter;
(2)
A listing of all applications for assistance submitted to the board, corporation, commission or state entity during the preceding calendar year, which listing shall designate those applications which were approved or disapproved or pending;
(3)
The amount and year of issue of each tax exempt bond or partially tax exempt bond issued or approved which remains active or unpaid and the amount of each private loan insured and the amount of each loan which remains outstanding;
(4)
The number of persons employed by the board, corporation, commission, or other state entity at the commencement of the preceding calendar year, including the number of persons remaining so employed at the time of the annual report, and their salaries;
(5)
The number of new jobs created and/or the number of jobs preserved as a result of the issuance of bonds or by the insurance of private financing including, by way of illustration and not by limitation, the wages and salaries in each job category as determined by the applicable Federal S.I.C. Codes;
(6)
A listing of the jobs filled through the utilization of the pathways to progress program of the department of human services;
(7)
A listing of the jobs filled through the utilization of the workforce 2000 program of the department of labor and training;
(8)
A listing of any violations of the national Labor Relations Act or citations of violation issued by the national Labor Relations Board to any entity which has received the benefit of any tax exempt or partially tax exempt bond or any insurance of private financing; and
(9)
A listing of any violations of federal or state environmental laws and regulations during the preceding calendar year by any entity which has received the benefit of any tax exempt or partially tax exempt bond or any insurance of private financing.
History of Section.
P.L. 1992, ch. 338, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.4 - Economic Development Reporting › Section 42-64.4-4. - Severability.

§ 42-64.4-4. Severability.
If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair or invalidate the remainder thereof, nor affect other provisions or applications of this chapter which can be given effect without the invalid clause, sentence, paragraph, section or part and to this end the provisions of this chapter are declared to be severable.
History of Section.
P.L. 1992, ch. 338, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.5 - Jobs Development Act › Section 42-64.5-3. - Tax rate reduction.

§ 42-64.5-3. Tax rate reduction.
The rate of tax payable by an eligible company and each of its eligible subsidiaries for any taxable year ending on or after July 1, 1995, on its net income pursuant to the applicable income tax provisions of the general laws, including the provisions of §§ 44-11-2(a), 44-14-3(a), 44-14-4 and 44-17-1, or on its gross earnings pursuant to § 44-13-4(4), shall be reduced by the amount specified in § 42-64.5-4; this rate reduction shall be applied annually once to those eligible companies which are permitted by law to file a consolidated state tax return or as part of a combined group and in the case of eligible companies not required by law to file as part of a combined group, then the rate reduction shall be applied annually to each eligible company and its eligible subsidiaries; provided, however, except as provided in § 42-64.5-7, should any eligible company fail to maintain in any taxable year after 1997 or, if applicable, the third taxable year following the base employment period election set forth in § 42-64.5-5, the number of units of new employment it reported for its 1997 tax year or, if applicable, the third taxable year following the base employment period election set forth in § 42-64.5-5; the rate reduction provided for in this chapter shall expire permanently.
History of Section.
P.L. 1994, ch. 84, § 1; P.L. 2001, ch. 77, art. 7, § 4; P.L. 2004, ch. 333, § 1; P.L. 2004, ch. 396, § 1; P.L. 2014, ch. 145, art. 12, § 13.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.5 - Jobs Development Act › Section 42-64.5-6. - Severability.

§ 42-64.5-6. Severability.
If any provision of this chapter or the application of any section or part of this chapter to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application.
History of Section.
P.L. 1994, ch. 84, § 1; G.L. 1956, § 42-64.5-5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.5 - Jobs Development Act › Section 42-64.5-8. - Reporting requirement.

§ 42-64.5-8. Reporting requirement.
On or before September 1, 2009, and every September 1 thereafter, all eligible companies qualifying for a rate reduction pursuant to § 42-64.5-3 shall file an annual report with the tax administrator. Said report shall contain each full-time equivalent active employee’s name, social security number, date of hire, and hourly wage as of the immediately preceding July 1 and such other information deemed necessary by the tax administrator. The report shall be filed on a form and in a manner prescribed by the tax administrator.
History of Section.
P.L. 2009, ch. 68, art. 16, § 13.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-1. - Short title.

§ 42-64.6-1. Short title.
This chapter shall be known and may be cited as the “Jobs Training Tax Credit Act.”
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-2. - Jobs training tax credit.

§ 42-64.6-2. Jobs training tax credit.
A qualifying employer shall be allowed a credit against the tax imposed by chapters 11, 13, (except for § 44-13-13), 14, 17 and 30 of title 44 in the manner set forth in this chapter for the qualifying expenses of offering training and/or retraining to qualifying employees.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-3. - Definitions.

§ 42-64.6-3. Definitions.
As used in this chapter unless the context clearly requires otherwise:
(1)
“Election” means the election to be filed by a qualifying employer with the human resource investment council.
(2)
“Qualifying employee” means an individual (other than an employee who would be treated as a “highly compensated employee” under 26 U.S.C § 414(q) or any physician or veterinarian) employed by the employer who works a minimum of thirty (30) hours per week within the state and earns or shall earn immediately following the completion of the training and/or retraining program no less than one hundred fifty percent (150%) of the hourly minimum wage prescribed by Rhode Island law.
(3)
“Qualifying employer” means any employer who files an election with the human resource investment council in a manner provided by the human resource investment council to be covered by the provisions set forth in this chapter, but shall not include any physicians or any employer whose principal business is providing legal, accounting, engineering, architectural, or other similar professional services. The election shall set forth any information that the human resource investment council shall require describing the program and/or retraining employees, the duration of the program, an estimate and description of the amounts to be spent to implement the program, the nature of the program to be provided to employees, an estimate of the number of the employees who shall be covered by the program and the relationship, if any, of the employer to the party or parties offering the program and the agreement of the employer to provide additional information following the date of an election that shall be requested by the human resource investment council.
(4)
“Qualifying expenses” means those reasonable expenses (less any federal, state, or local grants or other payments received by the employer to provide training or retraining) incurred by an employer following the date of the employer’s election to be covered by the provisions of this chapter, that are directly attributable to providing training and/or retraining to qualifying employees that shall improve the skills required of those employees. These expenses shall include all reasonable amounts paid by the employer to public or private degree granting educational institutions or directly to instructors to provide training and/or retraining and any other reasonable direct cash expenses incurred by the employer to provide training and/or retraining. The training and/or retraining, however, shall be provided solely at one or more locations in this state unless the employer shall establish that the training and/or retraining was not available at any location in this state or that it could be obtained at another location at a lower price.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1; P.L. 1997, ch. 8, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-4. - Determination of credit.

§ 42-64.6-4. Determination of credit.
The credit provided in this chapter is equal to twenty-five percent (25%) of the qualifying expenses incurred in 1996 and fifty percent (50%) of the qualifying expenses incurred after 1996 to provide training and/or retraining for a qualifying employee, of which fifty percent (50%) of the credit shall be allowed in the taxable year in which the expense is paid and the balance of the credit shall be allowed in the following taxable year. The maximum amount of credit per employee shall not exceed five thousand dollars ($5,000) in any three (3) year period. The credit allowed pursuant to the provisions of this chapter that is attributable to the cost of providing training and/or retraining to a qualifying employee shall be recaptured if the employee involuntarily other than as a result of death or disability no longer qualifies as a qualifying employee of the employer at any time during the eighteen (18) month period following the employee’s completion of the program.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1; P.L. 1997, ch. 8, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-5. - Deduction.

§ 42-64.6-5. Deduction.
A qualifying employer shall be denied a deduction for any expenses used to determine a credit, which was allowed under this chapter. If the credit is subsequently recaptured, or if the expenses attributable to the program exceed the amount on which the credit is allowed, a deduction shall be allowed in the taxable year in which the expense is recaptured, or paid or incurred.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-6. - Wage.

§ 42-64.6-6. Wage.
To the extent the wages and other benefits paid or provided to a qualifying employee while that employee is enrolled in a program covered by this chapter, are attributable to the time the employee spent participating in the program, the qualifying expenses of the employer attributable to the employee shall include the portion (but not in excess of one thousand dollars ($1,000)) of the wages and other benefits paid or provided to the employee that are directly attributable to the time spent by the employee participating in the program.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-7. - Limitation.

§ 42-64.6-7. Limitation.
The credit allowed pursuant to this chapter shall not reduce the liability of the employer for the tax imposed by chapters 11, 13, 14, 17 and 30 of title 44 in any year below the minimum tax where a minimum tax is provided under this title.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-8. - Annual reporting requirements.

§ 42-64.6-8. Annual reporting requirements.
The human resource investment council shall annually prepare a report utilizing the information received in this act and other appropriate sources describing and evaluating the impact, if any, of this act on the state’s economic resources and the number and type of qualifying employees being trained or retrained as a result of this chapter.
History of Section.
P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.