Rhode Island § 42-64.22-4 § 42-64.22-4. Incentives for municipalities.

Rhode Island Statutes

§ 42-64.22-4 — § 42-64.22-4. Incentives for municipalities.

Rhode Island § 42-64.22-4

Title 42State Affairs and Government

Ch. 42-64.22Tax Stabilization Incentive

This text of Rhode Island § 42-64.22-4 (§ 42-64.22-4. Incentives for municipalities.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.22-4 (2026).

Text

§ 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.
         
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§ 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.