§ 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.