reglab/statecodes huggingface dataset:
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.6 - Jobs Training Tax Credit Act › Section 42-64.6-9. - Sunset.

§ 42-64.6-9. Sunset.
No credits authorized under this chapter shall be awarded for tax years beginning on or after January 1, 2018.
History of Section.
P.L. 2018, ch. 47, art. 11, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-1. - Short title.

§ 42-64.8-1. Short title.
This chapter shall be known and may be cited as the “Urban Infrastructure Commission.”
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-2. - Legislative findings.

§ 42-64.8-2. Legislative findings.
(a)
It is found and declared that Rhode Island’s urban centers serve as centers of economic activity and offer a wide range of cultural and architectural assets; that these and other assets continue to contribute greatly to the economic and cultural prosperity of the state’s urban centers, the greater metropolitan area, and the state as a whole.
(b)
It is further found that as cities age they often experience deteriorating infrastructure and increasing effective tax rates, adversely impacting their ability to retain and attract business; that the economic future of the suburbs, metropolitan areas, and the state as a whole, rests on the overall health of the urban areas; and that continued urban decay further threatens Rhode Island’s economic assets.
(c)
It is further found that creation of an urban renaissance fund is needed to leverage private investment by providing resources for activities to improve the urban infrastructure from activities including assessment of abandoned industrial sites to enhance marketability, brownfield projects, urban land assembly and demolition of vacant and abandoned properties, waterside and streetscape improvement, neighborhood and community “anchor” development and transportation related projects.
(d)
It is further found and declared that because Rhode Island’s urban communities are unable to sufficiently invest in local infrastructure supporting statewide economic activities, the state should play a central role in developing and supporting a targeted urban infrastructure program.
(e)
The purpose of this chapter is to create a state urban infrastructure commission (UIC) to develop a Rhode Island urban renaissance fund.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-3. - Creation of the commission.

§ 42-64.8-3. Creation of the commission.
There is hereby created and established the Rhode Island urban infrastructure commission hereinafter referred to as “the commission.” The legislative authority for the commission shall cease as of February 15, 2004.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-4. - Membership of commission.

§ 42-64.8-4. Membership of commission.
(a)
The commission shall be composed of ten (10) members as follows:
(1)
The chairperson of the house finance committee or his or her designee;
(2)
The chairperson of the senate finance committee or his or her designee;
(3)
The director of administration or his or her designee;
(4)
The director of the Rhode Island economic development corporation;
(5)
Two (2) city and/or town officials from a municipality with two thousand (2,000) persons per square mile or more based on the most recent U.S. Census appointed by the speaker of the house;
(6)
Two (2) city and/or town officials from a municipality with two thousand (2,000) persons per square mile or more based on most recent U.S. Census appointed by the president of the senate;
(7)
The president of the Rhode Island League of Cities and Towns or his or her designee; and
(8)
The president of the Rhode Island Public Expenditure Council or his or her designee.
(b)
The governor shall designate a mayor to serve as chairperson of the commission, and the vice-chairperson of the commission shall also be designated by the governor from among the members. In the event of the absence or disability of both the chairperson and vice chairperson, the members of the commission shall elect a temporary chairperson by a majority vote of those present and voting.
(c)
Should any member cease to be an officer or employee of the unit or agency he or she is appointed to represent, his or her membership on the commission shall terminate immediately. Any vacancy on the commission shall be filled by the appointing authority in the same manner as the original appointment.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-5. - Purposes.

§ 42-64.8-5. Purposes.
The urban infrastructure commission is authorized, created and established to develop a state-supported economic development financing tool known as the urban renaissance fund and the necessary supporting legislation to assist eligible urban cities and towns in local economic development projects and activities.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-6. - Powers.

§ 42-64.8-6. Powers.
The urban infrastructure commission shall develop an action plan to create and finance an urban renaissance fund. The plan shall include, but not be limited to:
(a)
The financial and administrative mechanisms necessary to support and spur private-sector investments in urban communities, with public funds directly linked to private-sector economic development initiatives;
(b)
The methods available to use the urban renaissance fund to provide municipalities and redevelopment agencies access to seed capital to improve urban infrastructure and leverage private investments, as well as assist communities in upgrading and reinvesting in existing urban infrastructure (e.g. utilities, roads, sidewalks, sewers), arresting blight and decay, enhancing municipal tax bases, and positioning urban communities to attract and retain employers;
(c)
Eligibility requirements, standards, terms and conditions necessary for eligible cities and towns to receive financial assistance in economic development activities through the urban renaissance fund;
(d)
Rules and regulations to address state certified comprehensive land use plans, capital development plans and operating funds for maintenance of the assets;
(e)
The criteria and process for selecting and approving projects;
(f)
A process to monitor and evaluate the state’s investments through the urban renaissance fund; and
(g)
Alternative funding options to capitalize the fund for these purposes.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-7. - Meetings — Hearings — Committees.

§ 42-64.8-7. Meetings — Hearings — Committees.
(a)
The commission shall hold meetings at such other times as it deems necessary. The commission may hold public hearings from time-to-time on matters within its purview.
(b)
Each office, board, commission, council, department or agency of state government, and each political subdivision of the state, shall cooperate with the commission in carrying out the functions and duties imposed by this chapter.
(c)
The commission may establish committees as it deems advisable and feasible, whose membership shall include at least one member of the commission, but only the commission itself may set policy or take other official action.
(d)
The commission shall promulgate rules of procedure governing its operations.
(e)
All meetings of the commission, or any committee of it, at which public business is discussed or formal action is taken shall conform to the state open meetings laws.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-8. - Reports.

§ 42-64.8-8. Reports.
The urban infrastructure commission shall issue a report outlining the findings and recommendations of the commission on establishing and financing an urban renaissance fund no later than February 15, 2004. Copies of the report shall be submitted to the governor, presiding officers of the general assembly, each city and town of the state, and appropriate state departments and agencies regarding the commission’s work, including draft legislation necessary to implement its recommendations. Reports of the commission shall be available to the public.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.8 - Urban Infrastructure Commission › Section 42-64.8-9. - Severability.

§ 42-64.8-9. Severability.
If any provision or item of this chapter or its application is held invalid, such invalidity shall not affect other provisions, items or applications, and to this end the provisions of the act are declared severable.
History of Section.
P.L. 2003, ch. 100, § 1; P.L. 2003, ch. 236, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-1. - Short title.

§ 42-64.9-1. Short title.
This chapter shall be known and may be cited as the “Mill Building and Economic Revitalization Act.”
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-2. - Legislative findings and purpose.

§ 42-64.9-2. Legislative findings and purpose.
It is found and declared that:
(1)
Throughout the state of Rhode Island there are located numerous historic and industrial mill structures which over the past two (2) decades have experienced high vacancy rates and physical deterioration.
(2)
Without added economic incentive, these structures are not viable for redevelopment and reuse by modern commercial and manufacturing enterprises and will continue their physical deterioration.
(3)
The redevelopment and reuse of these historic industrial mill structures are of critical importance to the economic well-being of the state of Rhode Island and its towns and cities.
(4)
The adoption of certain economic incentive measures will assist in stimulating the reuse and redevelopment of Rhode Island’s historic industrial mill structures, and will benefit the health, safety, welfare and prosperity of the people of this state.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-3. - Purpose.

§ 42-64.9-3. Purpose.
It is the purpose of this chapter to create economic incentives for the purpose of stimulating the redevelopment and reuse of Rhode Island’s historic industrial mill structures.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-6. - Notice of final designation of certified building.

§ 42-64.9-6. Notice of final designation of certified building.
(a)
Upon notice to the council that the municipality has satisfied the requirements of § 42-64.9-5(b)(2)(i) through (vi), the council shall provide to the municipality and to the certified building owner a written notice of final designation, which notice shall include a statement that an independent appraisal is required in order to comply with the requirements of § 42-64.9-4(13).
(b)
The certification and the benefits accruing thereto shall apply for no more than five (5) years from the date of final designation by the council, except in the case of the carryover of unused specialized investment tax credits as provided by § 44-31-2, and in no case shall the benefits accruing be applied retroactively.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-6.1. - Certified building rehabilitation.

§ 42-64.9-6.1. Certified building rehabilitation.
(a)
A certified building shall be treated as having been substantially rehabilitated only if the reconstruction and rehabilitation expenditures incurred during the twenty-four (24) month period selected by the certified building owner and ending with or within the taxable year in which the rehabilitated certified building is first placed in service by the certified building owner meet the definition of “substantial rehabilitation” set forth in § 42-64.9-4(13). For purposes of determining whether the requirements of § 42-64.9-4(13) have been met, the market value of the certified building shall be determined at the beginning of the 1st day of such twenty-four (24) month period.
(b) Special rule for phased rehabilitation.
In the case of any rehabilitation which may reasonably be expected to be completed in phases set forth in architectural plans and specifications completed before the rehabilitation begins, subsection (a) of this section shall be applied by substituting “sixty (60) month period” for “twenty-four (24) month period.”
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1; P.L. 2006, ch. 216, § 43.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-7. - Specialized investment tax credit.

§ 42-64.9-7. Specialized investment tax credit.
A certified building owner may be allowed a specialized investment tax credit as set out in § 44-31-2 against the tax imposed by chapters 11 and 30 of title 44.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-8. - Business tax credits.

§ 42-64.9-8. Business tax credits.
A taxpayer who owns and operates an eligible business within a certified building that has been substantially rehabilitated is allowed a credit against the tax imposed pursuant to chapter 11 or 30 of title 44 as follows:
(1)
A credit equal to one hundred percent (100%) of the total amount of Rhode Island salaries and wages as are paid to qualified employees in excess of Rhode Island salaries and wages paid to the same employees in the prior calendar year. The maximum credit allowable per taxable year under the provisions of this subsection is three thousand dollars ($3,000) per qualified employee.
(2)
Any tax credits provided in subdivision (1) shall not offset any tax liability in years other than the year in which the taxpayer qualifies for the credit. Fiscal year taxpayers must claim the tax credit in the year in which the December 31st of the certification year falls. The credit shall not reduce the tax below the minimum tax. The credit shall be used to offset tax liability under either chapter 11 or 30 of title 44, but not both.
(3)
In the case of a corporation, the credit allowed under this section is only allowed against the tax of that corporation included in a consolidated return that qualifies for the credit and not against the tax of other corporations that may join in the filing of a consolidated tax return.
(4)
In the case of multiple business owners, the credit provided in subdivision (1) is apportioned according to the ownership interests of the eligible business.
(5)
In the event that the eligible business is located within an enterprise zone and is a certified business under the provisions of § 42-64.3-6, the taxpayer must elect to use the credit provided under subdivision (1) or the credit provided in § 42-64.3-6 to offset tax liability, but the taxpayer may not elect to claim both.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-9. - Interest income.

§ 42-64.9-9. Interest income.
(a)
A taxpayer is allowed a ten percent (10%) credit against taxes due under the provisions of chapter 11, 13, 14, 17, or 30 of title 44 for interest earned and paid on loans made to eligible businesses as defined in § 42-64.9-4 of this chapter, solely and exclusively for expenditures within the certified building.
(b)
The taxpayer is further allowed a one hundred percent (100%) credit against taxes due under chapter 11, 13, 14, 17, or 30 of title 44 for interest earned on loans made solely and exclusively for the purposes of substantial rehabilitation as defined in § 42-64.9-4(13).
(c)
Any tax credit herein provided shall not offset any tax liability in taxable years other than the year in which the taxpayer qualifies for the credit. The credit shall not reduce the tax below the minimum, and, in the case of a corporation, shall only be allowed against the tax of that corporation included in a consolidated return that qualifies for the credit and not against the tax of other corporations that may join in the filing of a consolidated tax return.
(d)
The taxpayer is allowed a maximum credit of ten thousand dollars ($10,000) per taxable year under subsection (a) of this section. The taxpayer is allowed a maximum credit of twenty thousand dollars ($20,000) per taxable year under subsection (b).
(e)
In the event a certified building owner is also a qualified business under chapter 64.3 of this title, the lender/taxpayer must elect to treat the loan described in subsection (a) and its related interest payments as pertaining to the interest credit provided in this section.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1; P.L. 2005, ch. 410, § 22.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-10. - Exemption or stabilization of taxes.

§ 42-64.9-10. Exemption or stabilization of taxes.
Notwithstanding the provisions of any municipal charter or any other general, special or local law to the contrary, real property taxes for a certified building and tangible property taxes of the owner or owners of a certified building for tangible property used in the certified building may be exempted from payment, in whole or in part, notwithstanding the valuation of the property or the rate of tax, by vote of the city or town council to the extent deemed appropriate by the city or town council to carry out the purposes of this chapter. This section shall be construed to provide a complete, additional and alternative authority for the city or town council to grant exemption or stabilization of real or tangible property taxes with respect to certified buildings, and the granting of tax exemption or stabilization by the city or town council under the provisions of this section does not require the taking of any other proceedings or the happening of any condition, except for the vote of the city or town council.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-11. - Expedited permit process.

§ 42-64.9-11. Expedited permit process.
Any building designated by the enterprise zone council as a certified building shall be immediately forwarded by the building owner to the governor and the board of directors of the Rhode Island economic development corporation for consideration as a project of critical economic concern as that term is defined in § 42-117-3(3) and shall be entitled to the benefits of chapter 117 of this title.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-12. - Expiration.

§ 42-64.9-12. Expiration.
This chapter shall terminate and be of no further effect on August 8, 2009, unless the chapter is extended by action of the general assembly.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-13. - Examination of taxpayer’s records.

§ 42-64.9-13. Examination of taxpayer’s records.
The tax administrator and his or her agents, for the purpose of ascertaining the correctness of any credit claimed under the provisions of this chapter, may examine any books, paper, records, or memoranda bearing upon the matters required to be included in the return, report, or other statement, and may require the attendance of the person executing the return, report, or other statement, or of any officer or employee of any taxpayer, or the attendance of any other person, and may examine the person under oath respecting any matter which the tax administrator or his or her agent deems pertinent or material in determining the eligibility for credits claimed.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-14. - Penalties.

§ 42-64.9-14. Penalties.
Any taxpayer or employee, officer or agent of any taxpayer that willfully fails to comply with the provisions of this chapter or otherwise submits false or misleading information shall be guilty of a felony and upon conviction shall be fined an amount not more than three (3) times the amount of the tax credit received by the taxpayer, or imprisoned not more than one year, or both.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-15. - Revocation of certification.

§ 42-64.9-15. Revocation of certification.
The council has the power to revoke the certification of any building certified under § 42-64.9-5 of this chapter and to revoke the eligibility of any business defined as an eligible business under § 42-64.9-4.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-16. - Additional rules and regulations.

§ 42-64.9-16. Additional rules and regulations.
(a)
The state tax administration shall promulgate appropriate rules and regulations to ensure the proper administration of the taxation provisions of this chapter. The council shall promulgate appropriate rules and regulations with respect to the building certification process, and the certification of eligible businesses, and shall advise the tax administrator of them and shall promulgate any other rules and regulations that may be necessary to carry out the provisions of this chapter.
(b)
In addition to the rules and regulations as provided in subsection (a), the Rhode Island economic development corporation, with assistance from the department of administration office of systems planning and subject to the approval of the enterprise zone council, shall adopt performance standards in order to evaluate the effectiveness of this chapter in accomplishing its stated purpose.
(c)
The evaluation, according to the performance standards established by subsection (b), shall be conducted and reported on an annual basis for each of the years the provisions of this chapter are in force.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-17. - Severability.

§ 42-64.9-17. 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 this chapter are declared to be severable.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.9 - Mill Building and Economic Revitalization Act › Section 42-64.9-18. - Applicability.

§ 42-64.9-18. Applicability.
The provisions of this chapter apply to all buildings that have been designated by the enterprise zone council as certifiable buildings pursuant to chapter 64.5 of this title for all years commencing with the year of the designation.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-1. - Short title.

§ 42-64.10-1. Short title.
This chapter shall be known as “The Quonset Development Corporation Act.”
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-2. - Creation.

§ 42-64.10-2. 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 “Quonset Development Corporation,” as real estate development and management company, with those powers and purposes that are set forth in this chapter, with the objectives of providing and promoting and encouraging the preservation, expansion and sound development of new and existing industry, business, commerce, and related tourism and recreational facilities, attracting and retaining “high value added” employment opportunities, and promoting thereby the economic development of the state and the general welfare of its citizens.
(b)
The exercise by the 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 herein set forth, and this chapter and the powers granted hereby shall be liberally construed in conformity with those purposes.
(c)
The 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 the payment thereof pursuant to the documents securing the obligations or to the terminating law. Upon termination of the existence of the corporation, all of its rights and properties shall pass to and be vested in the economic development corporation, established pursuant to chapter 64 of this title, or its successor or, if the economic development corporation is terminated and there is no successor, 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. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-3. - Purposes.

§ 42-64.10-3. Purposes.
The corporation is authorized and established for the following purposes:
(a)
To develop, manage, and convey “Federal land” as defined in § 42-64-3(9) on behalf of the state, consistent with base reuse plans and plans duly adopted and/or ratified as provided for in this chapter.
(b)
To undertake projects as defined in § 42-64-3(20); provided, however, that the corporation shall not have the power to issue bonds or notes or exercise eminent domain, provided further that nothing herein shall be deemed to limit or otherwise restrict or diminish the powers of the economic development corporation, in accordance with chapter 64 of this title, to issue bonds on behalf of the corporation or for a project of the corporation or to exercise eminent domain on behalf of the corporation or in conjunction with a project of the corporation.
(c)
To establish, implement, and maintain high standards for design, improvement, operation, and use of property under its control in order to provide sites and related amenities for high quality businesses that create high value added jobs in Rhode Island.
(d)
To foster and maintain effective working relations with its host and surrounding communities.
(e)
To establish a professional capacity for the state to develop, manage, and market state lands for commercial purposes and to act as a subsidiary of the economic development corporation for this purpose.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-4. - Definitions.

§ 42-64.10-4. Definitions.
(a)
As used in this chapter, words and terms, shall have the meaning set forth in § 42-64-4 unless this chapter provides a different meaning or unless the context indicates a different meaning or intent.
(b)
Within this chapter, the following words and terms shall have the following meanings unless the context indicates a different meaning or intent:
(1)
“Board” means the board of directors of the corporation.
(2)
“Chairperson” means the chairperson of the board of directors of the corporation.
(3)
“Corporation” means the Quonset Development Corporation.
(4)
“Quonset Business Park” means former Navy lands in the town of North Kingstown, and lands related thereto, and personal property thereon, which are or have been owned, leased, managed and/or under the control of the economic development corporation.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-5. - General powers.

§ 42-64.10-5. General powers.
Except to the extent inconsistent with any specific provision of this chapter, the corporation shall have and may exercise all general powers set forth in this section and § 42-64-6 necessary or convenient to effect its purposes, which shall include the powers to acquire and to dispose of real property, subject to the provisions of this chapter, without the necessity of obtaining the approval of the state properties committee or otherwise complying with the provisions of title 37 and to dispose of projects as provided for in § 42-64-11.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-8. - Liability of the corporation.

§ 42-64.10-8. Liability of the corporation.
The corporation is, subject to the period of limitations set forth in § 9-1-25, liable in actions of tort only to the extent that those actions do not arise from the performance of any functions found or deemed to be essential or discretionary governmental functions. Any recovery in an action or any recovery by any person in one or more of any actions against the corporation, its directors, employees, or agents, shall not exceed one hundred thousand dollars ($100,000) per plaintiff in the absence of fraud or willful misconduct. In the absence of fraud or willful misconduct, the directors are not personally liable to any party on account of any action (whether tort or otherwise) arising from or related to the manner or terms of the disposition of the corporation’s assets, nor shall the manner or terms of the disposition constitute a defense to any obligation owed to the corporation.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-9. - Reporting.

§ 42-64.10-9. Reporting.
The corporation shall submit to the governor, the president of the senate, the speaker of the house, and the chief elected official of the towns of North Kingstown, East Greenwich, and Jamestown, and of any other town or city in which the corporations owns or manages real property, within six (6) months after the close of its fiscal year, a complete and detailed report setting forth: (a) its operations and accomplishments; (b) its receipts and expenditures during the fiscal year in accordance with the categories and classifications established by the corporation for its operating and capital outlay purposes including a listing of all private consultants engaged by the corporation on a contract basis and a statement of the total amount paid to each private consultant; (c) its assets and liabilities at the end of its fiscal year including a schedule of its leases and mortgages and the status of the reserve, special or other funds; and (d) its strategic plan and operating plan for the current fiscal year and proposed for the next fiscal year; and (e) a general statement of needs and opportunities relevant to its purposes. The reports required by subsections (b) and (c) of this section shall be prepared by independent certified public accountants in accordance with generally accepted principles of accounting.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-10. - Compliance.

§ 42-64.10-10. Compliance.
The corporations shall comply with all applicable provisions of law, including, but not limited to:
(a)
Ethics, chapter 14 of title 36;
(b)
Opening meetings, chapter 46 of this title;
(c)
Public records, chapter 2 of title 38;
(d)
Administrative procedures, chapter 35 of this title; and
(e)
Governance and financial management of quasi-public corporations, as provided in chapter 18 of title 35 with regard to obligations, financing leases, and guarantees and chapter 2 of title 37 with regard to purchasing principles, policies, and practices, and by §§ 35-3-17.1, 35-6-37, 35-7-13, 35-7-14, 35-20-6, 35-20-9, 42-11.3-2 in accordance with §§ 31-3-11 and 42-11.3-4(A).
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-11. - Consistency with other statutes.

§ 42-64.10-11. Consistency with other statutes.
(a) The Rhode Island Economic Development Corporation Act.
Except as otherwise expressly provided by this chapter, the corporation shall have the powers necessary to accomplish the purposes set forth in chapter 64 of this title and shall in the exercise of those powers conform with the obligations and requirements of chapter 64 of this title, and unless this chapter provides or the context indicates otherwise, the provisions of this chapter shall be considered in a manner consistent with the provisions of chapter 64 of this title. The corporation shall be, in the manner set forth this chapter, a subsidiary of the economic development corporation notwithstanding the requirements of § 42-64-7.1, and this chapter shall be deemed fully satisfactory for purposes of § 42-64-7.1 as necessary to effectuate the provisions of this chapter.
(b) Other state laws.
Nothing contained in this chapter shall restrict or limit the powers of the corporation arising under any laws of this state except where those powers are expressly contrary to the provisions of this chapter; provided, however, that the corporation shall not have any power to create, empower, or otherwise establish any corporation, subsidiary corporation, corporate body, any form of partnership, or any other separate entity, without the express approval and authorization of the general assembly. Except as otherwise provided, this chapter shall be construed to provide a complete additional and alternative method for doing the things authorized hereby and shall be regarded as supplemental and in addition to the powers conferred by other laws.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-12. - Inconsistent provisions.

§ 42-64.10-12. Inconsistent provisions.
Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special or local, the provisions of this chapter shall be controlling.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-13. - Construction — Liberal construction.

§ 42-64.10-13. Construction — Liberal construction.
This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-14. - Severability.

§ 42-64.10-14. 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 of the chapter but shall be confined in its operation to the clause, sentence, paragraph, section, or part directly involved in the controversy in which that judgment shall have been rendered.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.10 - Quonset Development Corporation › Section 42-64.10-15. - Dissolution of the Quonset/Davisville Management Corporation.

§ 42-64.10-15. Dissolution of the Quonset/Davisville Management Corporation.
The enactment of this chapter shall constitute the approval and authorization of the general assembly to dissolve the Quonset/Davisville Management Corporation, which is a subsidiary of the economic development corporation, and the functions of the Quonset Davisville Management Corporation are hereby transferred to the corporation, effective December 31, 2004.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.11 - Jobs Growth Act › Section 42-64.11-1. - Short title.

§ 42-64.11-1. Short title.
This chapter may be cited as the “Jobs Growth Act.”
History of Section.
P.L. 2005, ch. 53, § 1; P.L. 2005, ch. 54, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.11 - Jobs Growth Act › Section 42-64.11-4. - Partial modification of performance-based compensation.

§ 42-64.11-4. Partial modification of performance-based compensation.
(a)
Fifty percent (50%) of the performance-based compensation realized by an eligible employee in any credit year shall be allowed as a modification decreasing adjusted gross income and alternative minimum income for purposes of the personal income tax.
(b)
The modification provided under subsection (a) shall be taken into account in determining withholding under § 44-30-71 to be deducted by a fully-certified company with respect to performance-based compensation paid to eligible employees.
(c)
The amount of income, otherwise qualifying as performance-based compensation, derived from employer granted stock options is subject to the fifty percent (50%) modification provided for in subsection (a) only to the extent that the same amount is subject to tax under § 42-64.11-5.
History of Section.
P.L. 2005, ch. 53, § 1; P.L. 2005, ch. 54, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.11 - Jobs Growth Act › Section 42-64.11-5. - Tax on employing unit.

§ 42-64.11-5. Tax on employing unit.
For any taxable year beginning in a credit year, each employing unit (within the meaning of subsection 28-42-3(17) that is a certified company or one of its affiliated entities shall each pay a tax equal to five percent (5%) of the aggregate performance-based compensation paid to its eligible employees for the credit year. The tax shall be reported at the same time as tax on the employing unit may be due to be reported under chapter 11, 13, 13.1, 14, or 17 of title 44, or, if the employing unit is not taxable under those chapters, at such time as the tax administrator may prescribe. The tax imposed by this section shall not be offset by credits provided under those sections or any other provision of law.
History of Section.
P.L. 2005, ch. 53, § 1; P.L. 2005, ch. 54, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.11 - Jobs Growth Act › Section 42-64.11-6. - Regulatory authority.

§ 42-64.11-6. Regulatory authority.
(a)
The Rhode Island economic development corporation may promulgate such regulations as it deems necessary and appropriate to carry out its functions under this chapter.
(b)
The tax administrator may adopt such regulations as he or she deems necessary and appropriate in connection with the taxes imposed and modifications granted herein. Appropriate adjustments shall be made for short taxable years.
(c)
All submissions made by an eligible company hereunder shall be subscribed under penalties of perjury.
(d)
By filing an application, the eligible company authorizes the department of labor and training and the division of taxation to disclose to the Rhode Island economic development corporation such data relating to the eligible company and its affiliated entities as may be necessary to verify the information in the initial application or an updated application. Information submitted by an eligible company under this chapter to the Rhode Island economic development corporation, the division of taxation, or the department of labor and training shall be deemed tax return information exempt from disclosure under § 38-2-2(4)(i)(O) (relating to tax returns).
History of Section.
P.L. 2005, ch. 53, § 1; P.L. 2005, ch. 54, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.12 - Eminent Domain › Section 42-64.12-1. - Short title.

§ 42-64.12-1. Short title.
This act shall be known as and may be cited as the “Rhode Island Home and Business Protection Act of 2008.”
History of Section.
P.L. 2008, ch. 169, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.12 - Eminent Domain › Section 42-64.12-2. - Legislative findings.

§ 42-64.12-2. Legislative findings.
The general assembly finds and declares that:
(a)
Eminent domain is an inherent and historic attribute of the sovereign power of government and has been affirmed as such by federal and state courts.
(b)
The general assembly has delegated eminent domain powers over the years to an array of entities including, but not limited to, departments, agencies, authorities, corporations, instrumentalities, and political subdivisions of the state;
(c)
The functions of government have changed over the years and continue to evolve in manners which affect and can potentially affect the use of eminent domain powers delegated by the general assembly;
(d)
Among the broad and more recently evolved powers of government are those pertaining to economic development purposes;
(e)
The U.S. Supreme Court in Kelo v. City of New London both affirmed the use of eminent domain powers for economic development purposes, and encouraged states to define and limit the exercise of eminent domain for economic development purposes.
History of Section.
P.L. 2008, ch. 169, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.12 - Eminent Domain › Section 42-64.12-3. - Purposes of chapter.

§ 42-64.12-3. Purposes of chapter.
The purposes of this chapter are to set forth permissible uses of eminent domain power and to define, limit and restrict the use of eminent domain for economic development purposes.
History of Section.
P.L. 2008, ch. 169, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.12 - Eminent Domain › Section 42-64.12-4. - Applicability.

§ 42-64.12-4. Applicability.
The provisions of this chapter shall apply to all departments, agencies, authorities, corporations, instrumentalities and political subdivisions of the state and to all other entities that have been delegated eminent domain powers by state law.
History of Section.
P.L. 2008, ch. 169, § 1.
2023 Rhode Island General Laws › Title 42 - State Affairs and Government › Chapter 42-64.12 - Eminent Domain › Section 42-64.12-5. - Definitions.

§ 42-64.12-5. Definitions.
The following words and phrases when used in this chapter shall have, unless the context clearly indicates otherwise, the meanings given to them in this section:
(a)
“Economic development” means the mobilization of intellectual, human, capital, physical and natural resources to generate marketable goods and services for purposes including, but not limited to, creating jobs, economic and employment opportunities, tax base, and wealth.
(b)
“Person” means any individual, group of individuals, firm, corporation, association, partnership, or public or private entity.
(c)
“Plan” or “development plan” means a plan that substantially conforms to the requirements of subsection 42-64.12-7(a) of this chapter, which plan may be prepared and adopted pursuant to other applicable provisions of law.
(d)
“Property” means land or other real property or any interest, estate, or right therein.
(e)
“Public ownership and use” means the right of a public body to possess, use, and/or enjoy property in order to conduct a governmental function or to provide for a public activity.
History of Section.
P.L. 2008, ch. 169, § 1.