reglab/statecodes huggingface dataset:
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.15 - Made in Rhode Island Manufacturing Collaborative of 2013 › Section 42-64.15-6. - Advisory council established.

§ 42-64.15-6. Advisory council established.
(a)
There is hereby established an advisory council to the Rhode Island “Made in Rhode Island Manufacturing Collaborative” which shall consist of nine (9) members appointed by the chief executive officer of the commerce corporation as follows:
(1)
A manufacturer of locally manufactured materials (including, but not limited to, lumber, granite, gravel, asphalt);
(2)
A Rhode Island business owner that specializes in manufacturing services and supports;
(3)
A representative of a Rhode Island based independent organization representing the interests of the creative small business sector and commercial and industrial work space;
(4)
A representative from an independent Rhode Island organization or association representing the interests of commerce or economic development within the manufacturing industry;
(5)
A Rhode Island based retailer of local manufactured products representing an independent or franchised store;
(6)
A representative from a Rhode Island based nonprofit organization that trains, incubates and furthers industrial arts in the state;
(7)
A representative of the Rhode Island “Buy Local” effort;
(8)
One representative from an independent Rhode Island organization or association representing the manufacturing industry;
(9)
A representative from a Rhode Island charitable foundation.
(b)
Advisory council members shall serve three (3) year terms and are eligible to succeed themselves. In the event a member is unable to complete his or her term, the chief executive officer of the commerce corporation shall appoint a successor, and the successor appointed to the vacancy shall serve for the remainder of the unexpired term. The members of the board shall receive no compensation.
(c)
The advisory council shall elect annually a chairperson from among its members.
(d)
The advisory council shall receive staff and administrative support from the commerce corporation. The chief executive officer of the commerce corporation shall furnish the advisory board a suitable location to hold its meetings.
(e)
The advisory council shall meet at least quarterly and at the call of the chairperson or three (3) council members. The chairperson of the made in Rhode Island manufacturing collaborative, or a designee from among the members of the collaborative, shall be present for all advisory council meetings.
(f)
The advisory council shall advise the collaborative on all matters pertaining to the collaborative duties and powers.
History of Section.
P.L. 2013, ch. 123, § 1; P.L. 2013, ch. 129, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.15 - Made in Rhode Island Manufacturing Collaborative of 2013 › Section 42-64.15-7. - Meeting and reporting requirements.

§ 42-64.15-7. Meeting and reporting requirements.
The collaborative shall provide a report of its findings and recommendations addressing the research, marketing, expansion and funding opportunities for “Made in Rhode Island” branding of locally manufactured products to the governor and general assembly by April 30, 2014. Thereafter, the collaborative shall report to the governor and the general assembly, no later than April 30th of each year, on findings, recommendations and the progress made in achieving the goals and objectives set forth in this chapter and any other pertinent or requested information.
History of Section.
P.L. 2013, ch. 123, § 1; P.L. 2013, ch. 129, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.15 - Made in Rhode Island Manufacturing Collaborative of 2013 › Section 42-64.15-8. - Rules and regulations.

§ 42-64.15-8. Rules and regulations.
(a)
The Rhode Island commerce corporation may promulgate rules and regulations to fulfill the purposes of this chapter in accordance with chapter 42-35, “The Administrative Procedures Act.”
(b)
The collaborative and advisory council shall be subject to the provisions of chapter 38-2, “The Access to Public Records Act,” and chapter 42-46, “The Open Meetings Act.”
History of Section.
P.L. 2013, ch. 123, § 1; P.L. 2013, ch. 129, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.16 - The Innovate Rhode Island Small Business Program › Section 42-64.16-4. - Program guidelines.

§ 42-64.16-4. Program guidelines.
STAC shall develop guidelines related to the administration of the programs established by this chapter. At least twenty (20) days before the effective date of any guidelines or nontechnical amendments to guidelines, STAC must publish the proposed guidelines on STAC website and provide notice to persons who have requested notice of proposed guidelines. In addition, STAC must accept oral and written comments on the proposed guidelines during the fifteen (15) business days beginning on the first day that STAC has completed these notifications. For the purpose of this section, a technical amendment is either of the following:
(1)
An amendment that corrects a spelling or grammatical error.
(2)
An amendment that makes a clarification based on public comment and could have been anticipated by the public notice that immediately preceded the public comment.
History of Section.
P.L. 2013, ch. 144, art. 23, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.16 - The Innovate Rhode Island Small Business Program › Section 42-64.16-5. - Innovate Rhode Island Small Business Account established as a special revenue fund.

§ 42-64.16-5. Innovate Rhode Island Small Business Account established as a special revenue fund.
(a) Establishment.
The Innovate Rhode Island Small Business Account is hereby established as a special revenue fund in STAC.
(b) Purpose.
The Innovate Rhode Island Small Business Account (“IRISBA”) shall be used for the Rhode Island SBIR/STTR Incentive Program, the Rhode Island SBIR/STTR Matching Funds Program, and the Rhode Island Bioscience & Engineering Internship Program, as specified in this chapter. Moneys in the IRISBA shall be allocated as specified in this chapter and shall not exceed available funds in the account.
History of Section.
P.L. 2013, ch. 144, art. 23, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.16 - The Innovate Rhode Island Small Business Program › Section 42-64.16-6. - Reports.

§ 42-64.16-6. Reports.
STAC shall publish a report on the use of funds in the Innovate Rhode Island Small Business Account (“IRISBA”) at the end of each fiscal quarter. The report shall contain information on the commitment, disbursement, and use of funds allocated under the (IRISBA). The report is due no later than one month after the end of the fiscal quarter, and must be submitted to the following:
(1)
The chairs of the house of representatives and senate finance committees.
(2)
The fiscal offices of the general assembly.
History of Section.
P.L. 2013, ch. 144, art. 23, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-1. - Council of economic advisors established.

§ 42-64.18-1. Council of economic advisors established.
There is hereby established a council of economic advisors who shall consist of the following nine (9) members appointed by the governor:
(1)
The following shall be ex-officio members:
(i)(A)
The executive director of the economic development corporation until such time that the secretary of commerce is appointed;
(B)
Upon his or her appointment, the secretary of commerce;
(ii)
Director of the office of management and budget;
(iii)
A representative from the office of revenue analysis;
(iv)
Director of labor management information systems;
(2)
In addition to the four ex-officio members, there shall be five (5) public members selected by the governor.
(3)
The five (5) public members selected by the governor shall be selected based upon specific experience in economics, research and related training. The governor may seek recommendations from both public and private institutions of higher education and other organizations within the state.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-2. - Purpose and charge to the council.

§ 42-64.18-2. Purpose and charge to the council.
The council shall:
(1)
Be a collection point of data and information on the economy of Rhode Island;
(2)
Advise on economic policy for the governor, the executive office of commerce, and the state;
(3)
Prepare economic policy analysis on specific issues such as tax credits, tax expenditures and other related matters;
(4)
Publish reports and analyses as it sees fit to inform the state of the effect of economic activity and policy;
(5)
Establish a central repository of economic information in conjunction with the department of administration and the department of revenue and other state departments;
(6)
Prepare an annual report on the economy of Rhode Island; and
(7)
Review and advise on the strategic economic development plan for the state of Rhode Island.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-3. - Structure.

§ 42-64.18-3. Structure.
(a)
The members of the council shall be appointed by the governor for terms of no longer than three (3) years and may be reappointed. The executive director of the economic development corporation shall be the chairperson until such time that the secretary of commerce is appointed;
Upon his or her appointment, the secretary of commerce shall be the chairperson. The council shall also select a vice chair. The council shall be staffed through the economic development corporation and shall utilize the staffs and resources of the division of statewide planning.
(b)
The council will be able to hire, subject to funding, consultants and related assistance to provide the type of analysis to inform its work.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-4. - State departments to cooperate with council.

§ 42-64.18-4. State departments to cooperate with council.
All departments, offices, boards and agencies of the state shall cooperate with the council of economic advisors and furnish such administrative and staff support, advice, information, documents and otherwise, data and data analysis and other support as may be necessary or desirable.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-5. - Powers of council.

§ 42-64.18-5. Powers of council.
In carrying out the responsibility under this chapter, the council may:
(1)
Accept grant funds and in-kind contributions from governmental and private entities;
(2)
Conduct hearings;
(3)
Invite academic experts and other witnesses to submit testimony; and
(4)
Contract with experts and consultants as necessary to inform on deliberations and recommendations.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.18 - Council of Economic Advisors › Section 42-64.18-6. - Council subject to open meetings and access to public records laws.

§ 42-64.18-6. Council subject to open meetings and access to public records laws.
In addition to any other applicable law, rules or regulations, the council of economic advisors shall be subject to the provisions of the open meetings act as set forth in title 42, chapter 46 of the Rhode Island general laws, and the access to public records act as set forth in title 38, chapter 2 of the Rhode Island general laws.
History of Section.
P.L. 2013, ch. 242, § 2; P.L. 2013, ch. 491, § 2.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-1. - Statement of intent.

§ 42-64.19-1. Statement of intent.
The purpose of this chapter is to develop an integrated system of economic development activities while preserving and protecting the safety and quality of life for the citizens of Rhode Island and to promote the economic viability of the Rhode Island economy, and ensure the efficient use of all available resources by the departments/divisions responsible for the regulation of growth within the state and the provision of labor and training programs serving all Rhode Islanders, and to provide and promote and encourage the preservation, expansion and sound development of new and existing industry, business, commerce, agriculture, tourism, recreational, and renewable energy facilities, promoting thereby the economic development of the state and the general welfare of its citizens and to meet this need while continuing to build on the achievements that have already been made. The interests of all Rhode Islanders will best be served by codifying in the state’s general laws the purposes and responsibilities of the executive office of commerce and the position of secretary of commerce.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-2. - Purposes.

§ 42-64.19-2. Purposes.
The Rhode Island executive office of commerce is authorized, created, and established as the state’s lead agency for economic development throughout Rhode Island for the following purposes: To promote and encourage the preservation, expansion, and sound development of new and existing industry, business, commerce, agriculture, tourism, and recreational facilities in the state, which will promote the economic development of the state and the creation of opportunities for economic stability and employment through a business climate that fosters opportunity for all Rhode Islanders.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-4. - Secretary of commerce — Appointment.

§ 42-64.19-4. Secretary of commerce — Appointment.
The executive office of commerce shall be administered by a secretary of commerce, hereafter referred to as “secretary.” The position of secretary is hereby created in the unclassified service. The secretary shall be appointed by the governor with the advice and consent of the senate. The secretary shall hold office at the pleasure of the governor and until a successor is appointed and qualified. Before entering upon the discharge of duties, the secretary shall take an oath to faithfully execute the duties of the office. The secretary shall be appointed by February 1, 2015.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-5. - Responsibilities of the secretary.

§ 42-64.19-5. Responsibilities of the secretary.
(a)
The secretary shall be responsible to the governor for supervising the executive office of commerce, improving the functions and operations of Rhode Island state government to be clear, reliable, predictable, and as responsive and user-friendly to the state’s business community as is practicable, for managing and providing strategic leadership and direction to the other divisions and departments under the jurisdiction of this chapter, for serving as the chief executive officer of the Rhode Island commerce corporation, for convening the economic development planning council to develop the economic development policy and strategic plan in accordance with section 42-64.16, for serving as chair of the council of economic advisors in accordance with section 42-64.17; for serving as vice-chair of the Human Resources Investment Council; and for chairing the Governor’s Commerce and Workforce Cabinet established pursuant to section 42-6.1.
(b)
Notwithstanding any provision of law to the contrary, the secretary shall appoint the chiefs/directors of the divisions/departments within the executive office of commerce with the consent of the governor.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-8. - Appointment of employees.

§ 42-64.19-8. Appointment of employees.
The secretary, subject to the provisions of applicable state law, shall be the appointing authority for all employees of the executive office of commerce. The secretary may assign this function to such subordinate officers and employees of the executive office as may to him or her seem feasible or desirable. The appointing authority of the secretary provided for herein shall not affect, interfere with, limit, or otherwise restrict the appointing authority vested in the directors for the employees of the departments under applicable general and public laws.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-9. - Appropriations and disbursements.

§ 42-64.19-9. Appropriations and disbursements.
The general assembly shall annually appropriate such sums as it may deem necessary for the purpose of carrying out the provisions of this chapter. The state controller is hereby authorized and directed to draw his or her orders upon the general treasurer for the payment of such sum or sums, or so much thereof as may from time to time be required, upon receipt by him or her of proper authenticated vouchers approved by the secretary of the executive office of commerce, or his or her designee.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-10. - Rules and regulations.

§ 42-64.19-10. Rules and regulations.
The executive office of commerce shall be deemed an agency for purposes of § 42-35-1 et seq. The secretary shall make and promulgate such rules and regulations, fee schedules not inconsistent with state law and fiscal policies and procedures as he or she deems necessary for the proper administration of this chapter and to carry out the policy and purposes thereof.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-11. - Severability.

§ 42-64.19-11. Severability.
If any provision of this chapter or the application thereof to any person or circumstance is held invalid, such 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 this chapter are declared to be severable.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.19 - Executive Office of Commerce › Section 42-64.19-12. - Cooperation of other state executive branch agencies.

§ 42-64.19-12. Cooperation of other state executive branch agencies.
As may be appropriate from time to time, the departments and other agencies of the state of the executive branch that have not been assigned to the executive office of commerce under this chapter shall assist and cooperate with the executive office as may be required by the governor requested by the secretary.
History of Section.
P.L. 2013, ch. 489, § 3; P.L. 2013, ch. 492, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-1. - Short title.

§ 42-64.20-1. Short title.
This chapter shall be known and may be cited as the “Rebuild Rhode Island Tax Credit Act.”
History of Section.
P.L. 2015, ch. 141, art. 19, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-2. - Findings and declarations.

§ 42-64.20-2. Findings and declarations.
(a)
It is hereby found and declared that due to long-term and short-term stagnant or declining economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and create new jobs for the citizens of the state. Moreover, such economic trends have caused business closures or out-of-state business relocations, while other out-of-state businesses are deterred from relocating to this state. This situation has contributed to a high rate of unemployment in the state. Consequently, a need exists to promote the retention and expansion of existing jobs, stimulate the creation of new jobs, attract new business and industry to the state, and stimulate growth in real estate developments and/or businesses that are prepared to make meaningful investment and foster job creation in Rhode Island.
(b)
Through the establishment of a rebuild Rhode Island tax credit program, Rhode Island can take steps to stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for its residents; assist with business, commercial, and industrial real estate development; and generate revenues for necessary state and local governmental services.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-4. - Establishment of program.

§ 42-64.20-4. Establishment of program.
The rebuild Rhode Island tax credit program is hereby established as a program under the jurisdiction and administration of the commerce corporation. The program may provide tax credits to applicants meeting the requirements of this chapter for an eligibility period of five (5) years. On an annual basis, the commerce corporation shall confer with the executive office of commerce, the department of administration, and the division of taxation regarding the availability of funds for the award of new tax credits.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-7. - Rebuild Rhode Island tax credit fund.

§ 42-64.20-7. Rebuild Rhode Island tax credit fund.
(a)
There is hereby established at the commerce corporation a restricted account known as the rebuild Rhode Island tax-credit fund (the “fund”) in which all amounts appropriated for the program created under this chapter shall be deposited. The fund shall be used (1) To pay for the redemption of tax credits or reimbursement to the state for tax credits applied against a taxpayer’s liability; and (2) To redeem or reimburse the state for any sales and use tax exemptions allowed pursuant to this chapter. The commerce corporation may pledge and reserve amounts deposited into the fund for the purpose of securing payment for the redemption of tax credits or for making reimbursements to municipalities pursuant to chapter 64.22 of this title. The fund shall be exempt from attachment, levy, or any other process at law or in equity. The director of the department of revenue shall make a requisition to the commerce corporation for funding during any fiscal year as may be necessary to pay for the redemption of tax credits presented for redemption or to reimburse the state for tax credits applied against a taxpayer’s tax liability. The commerce corporation shall pay from the fund such amounts as requested by the director of the department of revenue necessary for redemption or reimbursement in relation to tax credits granted under this chapter; provided, however, that the commerce corporation shall not be required to pay from the fund such sums pledged and reserved by the commerce corporation, as permitted in this section, except for redemption of tax credits.
(b)
Notwithstanding anything in this chapter to the contrary, the commerce corporation may make a loan or equity investment as an alternative incentive in lieu of the provision of tax credits so long as the applicant otherwise qualifies for tax credits under this chapter. In addition to the qualification requirements of this chapter, any loan or equity investment shall be subject to the provisions of §§ 42-64.20-5(b), (f), (g), (h), (i), (j), (q), (r) and (s), 42-64.20-7, 42-64.20-8, 42-64.20-9, and 42-64.20-10 as if the loan or equity investment were a tax credit. The commerce corporation may pay, reserve, and/or pledge monies for a loan or equity investment from the fund.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3; P.L. 2016, ch. 142, art. 17, § 2; P.L. 2019, ch. 88, art. 12, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-8. - Program integrity.

§ 42-64.20-8. Program integrity.
(a)
Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.
(b)
The commerce corporation shall adopt implementation guidelines, directives, criteria, and rules and regulations pursuant to § 42-35-3 of the general laws, as are necessary to implement this chapter, including, but not limited to: examples of the enumeration of specific targeted industries; specific delineation of incentive areas; the determination of additional limits; the promulgation of procedures and forms necessary to apply for a tax credit, including the enumeration of the certification procedures; the allocation of new tax credits in consultation with the executive office of commerce, division of taxation and department of administration; and provisions for tax credit applicants to be charged an initial application fee, and ongoing service fees, to cover the administrative costs related to the tax credit.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-9. - Reporting requirements.

§ 42-64.20-9. Reporting requirements.
(a)
By August 1 of each year, each applicant receiving credits under this chapter shall report to the commerce corporation and the division of taxation the following information:
(1)
The number of total full-time employees employed at the development;
(2)
The total project cost;
(3)
The total cost of materials or products purchased from Rhode Island businesses; and
(4)
Such other reasonable information deemed necessary by the secretary of commerce.
(b)
By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and amount of tax credit for each credit recipient during the previous state fiscal year to the governor, the speaker of the house of representatives, the president of the senate, and the chairpersons of the house and senate finance committees, the house and senate fiscal advisors, and the department of revenue. Such report shall include any determination regarding the potential impact on an approved qualified development project’s ability to stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for its residents; assist with business, commercial, and industrial real estate development; and generate revenues for necessary state and local governmental services.
(c)
By October 1, 2016, and each year thereafter, the commerce corporation shall report the total number of approved projects, project costs, and associated amount of approved tax credits approved during the prior fiscal year. This report shall be available to the public for inspection by any person and shall be published by the commerce corporation on its website and by the secretary of commerce on the executive office of commerce website.
(d)
By October 1 of each year the division of taxation shall report the name, address, and amount of tax credit received for each credit recipient during the previous state fiscal year. This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.
(e)
By November 1 of each year the division of taxation shall report in the aggregate the information required under subsection (a). This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3; P.L. 2023, ch. 294, § 3, effective June 22, 2023; P.L. 2023, ch. 295, § 3, effective June 22, 2023.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.20 - Rebuild Rhode Island Tax Credit › Section 42-64.20-10. - Sunset.

§ 42-64.20-10. Sunset.
No credits shall be authorized to be reserved pursuant to this chapter after December 31, 2024.
History of Section.
P.L. 2015, ch. 141, art. 19, § 3; P.L. 2018, ch. 47, art. 12, § 2; P.L. 2019, ch. 88, art. 12, § 3; P.L. 2020, ch. 80, art. 1, § 22; P.L. 2021, ch. 162, art. 9, § 4, effective July 6, 2021; P.L. 2022, ch. 231, art. 9, § 4, effective June 27, 2022; P.L. 2023, ch. 79, art. 7, § 4, effective June 16, 2023.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-1. - Short title.

§ 42-64.21-1. Short title.
This act shall be known and may be cited as the “Rhode Island Tax Increment Financing Act of 2015.”
History of Section.
P.L. 2015, ch. 141, art. 19, § 4.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-2. - Legislative findings.

§ 42-64.21-2. Legislative findings.
(a)
It is hereby found and declared that due to long-term and short-term stagnant or declining economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and create new jobs for the citizens of the state. Moreover, such economic trends have caused business closures or out-of-state business relocations, while other out-of-state businesses are deterred from relocating to this state. This situation has contributed to a high rate of unemployment in the state. Consequently, a need exists to promote the retention and expansion of existing jobs, stimulate the creation of new jobs, attract new business and industry to the state, and stimulate growth in real estate developments and/or businesses that are prepared to make meaningful investment and foster job creation in Rhode Island.
(b)
Through the establishment of a tax increment financing program, Rhode Island can take steps to stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for its residents; assist with business, commercial, and industrial real estate development; and generate revenues for necessary state and local governmental services.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-4. - TIF program.

§ 42-64.21-4. TIF program.
The commerce corporation shall establish a tax increment financing program for the purpose of encouraging qualified development projects in qualifying TIF areas.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-5. - Financing.

§ 42-64.21-5. Financing.
(a)
Up to the limits established in subsection (b) of this section and in accordance with a TIF agreement, the division of taxation shall pay to the developer incremental state revenues directly realized from projects or businesses operating in the qualifying TIF area from the taxes assessed and collected under chapters 11, 13, 14, 17, 18, 19, and 30 of Title 44 of the general laws or realized from such venue ticket sales or parking taxes as may be established and levied under state law.
(b)
Up to 75 percent of the projected annual incremental revenues may be allocated under a TIF agreement. The incremental revenue for the revenues listed in subsection (a) of this section shall be calculated as the difference between the amount collected in any fiscal year from any eligible revenue source included in the TIF agreement, less the revenue increment base for that eligible revenue.
(c)
The division of taxation is hereby authorized and empowered to segregate the annual incremental revenues allocated under a TIF agreement and transfer such amounts to the general treasurer for deposit in a restricted account known as the TIF fund. The TIF fund shall be used solely to pay for the incentives granted under this chapter. The director of the department of revenue shall annually determine if a surplus exists in the TIF fund over amounts necessary to fund incentives under this chapter in a fiscal year and may authorize the general treasurer to transfer any surplus to the general fund. The unexpended balance of such sum of money received and appropriated for the TIF fund remaining in the treasury at the close of each fiscal year, shall be continued to and is hereby annually appropriated for the same account for the ensuing year.
(d)
Under conditions defined by the commerce corporation and in consultation with the department of revenue, those taxes eligible for inclusion in this TIF program may instead be exempted up to the levels permitted by this act in cases of significant taxpayers. Such significant taxpayers may instead be required to contribute payments in lieu of taxes (PILOTs) into a dedicated fund established by the commerce corporation. Such payments shall be up to 75 percent of the amount that would otherwise be due to the state in the form of taxation as per the provisions of this statute. Such dedicated funds must be used for the purposes described in this act. The commerce corporation may issue revenue bonds secured by this dedicated fund. Such bonds shall not be a general obligation of the state.
(e)
The commerce corporation shall promulgate an application form and procedure for the program.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-7. - Program integrity.

§ 42-64.21-7. Program integrity.
Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-8. - Reporting requirements.

§ 42-64.21-8. Reporting requirements.
(a)
By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and incentive amount of each agreement entered into during the previous state fiscal year to the division of taxation.
(b)
By December 1, 2016, and each year thereafter, the commerce corporation shall provide the governor with the sum, if any, to be appropriated to fund the program. The governor shall submit to the general assembly printed copies of a budget including the total of the sums, if any, as part of the governor’s budget required to be appropriated for the program created under this chapter.
(c)
By January 1, 2017, and each year thereafter, the commerce corporation shall report to the governor, the speaker of the house, the president of the senate, the chairpersons of the house and senate finance committees, and the house and senate fiscal advisors the address and incentive amount of each agreement entered into during the previous state fiscal year as well as any determination regarding the measurable impact of each and every agreement on the retention and expansion of existing jobs, stimulation of the creation of new jobs, attraction of new business and industry to the state, and stimulation of growth in real estate developments and/or businesses that are prepared to make meaningful investment and foster job creation in the state.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4; P.L. 2023, ch. 294, § 4, effective June 22, 2023; P.L. 2023, ch. 295, § 4, effective June 22, 2023.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.21 - Rhode Island Tax Increment Financing › Section 42-64.21-9. - Sunset.

§ 42-64.21-9. Sunset.
The commerce corporation shall enter into no agreement under this chapter after December 31, 2024.
History of Section.
P.L. 2015, ch. 141, art. 19, § 4; P.L. 2018, ch. 47, art. 12, § 3; P.L. 2019, ch. 88, art. 12, § 11; P.L. 2020, ch. 80, art. 1, § 23; P.L. 2021, ch. 162, art. 9, § 5, effective July 6, 2021; P.L. 2022, ch. 231, art. 9, § 5, effective June 27, 2022; P.L. 2023, ch. 79, art. 7, § 5, effective June 16, 2023.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-1. - Findings and declarations.

§ 42-64.22-1. Findings and declarations.
The general assembly finds and declares:
(a)
The general assembly seeks to enact several economic stimulus laws to assist Rhode Island businesses and municipalities, including legislation providing incentives to encourage economic and real estate development and to create jobs throughout this state.
(b)
In order to encourage this economic growth, the general assembly seeks to enhance and strengthen several of the current statutes governing economic development in this state. The general assembly’s goal is to create an economic stimulus program to promote development and growth and address the economic challenges currently impacting the State and local municipalities.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-3. - Establishment of program.

§ 42-64.22-3. Establishment of program.
(a)
The Tax Stabilization Incentive Program is hereby created to provide incentives to Rhode Island municipalities to enter into qualifying property tax stabilization agreements in connection with qualifying projects set forth herein.
(b)
Under the program, qualified and Hope Communities in the state of Rhode Island that grant qualifying tax stabilization agreements, subject to the provisions of § 44-3-9, in connection with a qualifying project, may apply to the commerce corporation for certification for partial reimbursement of the amount of real estate taxes and/or personal property taxes that would have otherwise been paid had the qualified and/or hope communities not granted said tax stabilization agreement.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-4. - Incentives for municipalities.

§ 42-64.22-4. Incentives for municipalities.
The qualifying community or hope community grants a qualifying tax stabilization agreement in connection with a qualifying project, upon certification by the commerce corporation and subject to availability of appropriated funds, the commerce corporation shall provide a partial reimbursement of no more than ten percent (10%) of the qualifying community and/or hope community’s forgone tax revenue. The qualification for reimbursement shall cease upon any termination or cessation of the underlying tax stabilization agreement or upon exhaustion of funds appropriated pursuant to this section.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-5. - Eligibility requirements for qualifying communities.

§ 42-64.22-5. Eligibility requirements for qualifying communities.
In order for a qualifying community to be eligible to receive incentives under this chapter, in addition to the provisions set forth herein, the tax stabilization agreement must be for a qualified development project resulting in the creation of at least fifty (50) new full-time jobs, and the developer must commit a capital investment of not less than ten million dollars ($10,000,000.00) towards the project cost.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-6. - Eligibility requirements for hope communities.

§ 42-64.22-6. Eligibility requirements for hope communities.
In order for a hope community to be eligible to receive incentives under this chapter, in addition to the provisions set forth herein, the tax stabilization agreement must be for a qualified development project resulting in the creation of at least twenty-five (25) new full-time jobs, and the developer must commit a capital investment of not less than five million dollars ($5,000,000.00) towards the project cost.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-7. - Alternative eligibility requirements.

§ 42-64.22-7. Alternative eligibility requirements.
(a)
Qualifying communities may receive incentives under this chapter, where the tax stabilization agreement is for a qualified development project involving an adaptive reuse of a recognized historical structure or results in the creation of at least twenty (20) units of residential housing; provided that at least twenty percent (20%) of the residential units are for affordable or workforce housing.
(b)
Qualifying communities may receive incentives under this chapter, where the tax stabilization agreement is for a qualified development project involving an adaptive reuse of a certified historic structure, if such qualified development project:
(i)
Has been certified by the state historic preservation officer that the adaptive reuse will be consistent with the standards of the Secretary of the United States Department of the Interior for rehabilitation; and
(ii)
Results in the creation of at least twenty (20) units of residential housing; provided that at least twenty percent (20%) of the residential units are for affordable or workforce housing.
(c)
Hope communities may receive incentives under this chapter, where the tax stabilization agreement for a qualified development project results in the creation of at least twenty (20) units of residential housing.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-8. - Reimbursement.

§ 42-64.22-8. Reimbursement.
The aggregate value of all reimbursements approved by the commerce corporation pursuant to this chapter during the eligibility period shall not exceed the lesser of ten (10%) percent of the qualifying and/or hope communities’ forgone tax revenue or annual appropriations received by the commerce corporation for the program.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-9. - Applicability.

§ 42-64.22-9. Applicability.
The amounts subject to reimbursement under this chapter shall apply to any real and/or personal property tax abatement provided pursuant to a tax stabilization agreement, granted pursuant to § 44-3-9, after January 1, 2015. The amounts subject to reimbursement shall also include any reduction in the then current real property taxes and/or personal property taxes, as well as a reduction in the prospective amounts that would be due in connection with the completion of the project.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-10. - Approval.

§ 42-64.22-10. Approval.
The commerce corporation’s approval of reimbursement to the qualifying or hope communities may be made in accordance with or conditional upon the conditions set forth under § 44-3-9 and other guidelines, criteria, and priorities that may be adopted by the commerce corporation. In order to distribute funds under the chapter, the commerce corporation shall enter into an agreement with the community setting forth the terms of the reimbursements subject hereto. The commerce corporation may require communities to provide reports and documentation regarding any reimbursements provided under this chapter.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-11. - Restrictions.

§ 42-64.22-11. Restrictions.
Nothing in this section shall be construed to interfere, restrict or prevent any qualifying community or hope community from granting tax stabilization agreements pursuant to § 44-3-9 or other applicable sections of title 44 of the general laws.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-12. - Implementation guidelines, directives, criteria, rules, regulations.

§ 42-64.22-12. Implementation guidelines, directives, criteria, rules, regulations.
(a)
The commerce corporation shall establish further guidelines, directives, criteria, rules and regulations in regards to the implementation of this chapter.
(b)
The adoption and implementation of rules and regulations shall be made pursuant to § 42-35-3 of the general laws as are necessary for the implementation of the commerce corporation’s responsibilities under this chapter.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.22 - Tax Stabilization Incentive › Section 42-64.22-13. - Program integrity.

§ 42-64.22-13. Program integrity.
Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.