Rhode Island § 42-64.30-8 § 42-64.30-8. Anchor institution tax credit fund.

Rhode Island Statutes

§ 42-64.30-8 — § 42-64.30-8. Anchor institution tax credit fund.

Rhode Island § 42-64.30-8

Title 42State Affairs and Government

Ch. 42-64.30Anchor Institution Tax Credit

This text of Rhode Island § 42-64.30-8 (§ 42-64.30-8. Anchor institution tax credit fund.) 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 § 42-64.30-8 (2026).

Text

§ 42-64.30-8. Anchor institution tax credit fund.
There is hereby established at the commerce corporation a restricted account known
            as the Anchor Institution tax credit fund (the "fundâ€�) in which all amounts appropriated
            for the redemption and/or reimbursement of tax credits under this chapter shall be
            deposited. The Fund shall be used to pay for the redemption of tax credits or reimbursement
            to the state for tax credits applied against a taxpayer's liability. 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
     

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§ 42-64.30-8. Anchor institution tax credit fund.

There is hereby established at the commerce corporation a restricted account known as the Anchor Institution tax credit fund (the "fundâ€�) in which all amounts appropriated for the redemption and/or reimbursement of tax credits under this chapter shall be deposited. The Fund shall be used to pay for the redemption of tax credits or reimbursement to the state for tax credits applied against a taxpayer's liability. 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.