Rhode Island § 44-71-6 § 44-71-6. Administration.

Rhode Island Statutes

§ 44-71-6 — § 44-71-6. Administration.

Rhode Island § 44-71-6

Title 44Taxation

Ch. 44-71Low-Income Housing Tax Credits

This text of Rhode Island § 44-71-6 (§ 44-71-6. Administration.) 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 § 44-71-6 (2026).

Text

§ 44-71-6. Administration.
(a) Upon issuance of the eligibility statement the  department shall, on behalf of the
            State of Rhode Island, award tax credits and issue tax credit certificates in the
            amount authorized and allocated in accordance with the eligibility statement and the
            tax credit agreement. The  department shall provide copies of eligibility statements
            and tax credit certificates to the division of taxation within thirty (30) days of
            issuance, including copies of all eligibility statements and tax credit certificates
            that are reissued, transferred, sold, or assigned.
         
(b) The owner of 

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§ 44-71-6. Administration.

(a) Upon issuance of the eligibility statement the department shall, on behalf of the State of Rhode Island, award tax credits and issue tax credit certificates in the amount authorized and allocated in accordance with the eligibility statement and the tax credit agreement. The department shall provide copies of eligibility statements and tax credit certificates to the division of taxation within thirty (30) days of issuance, including copies of all eligibility statements and tax credit certificates that are reissued, transferred, sold, or assigned.

(b) The owner of a qualified Rhode Island project eligible for the Rhode Island low-income housing tax credit shall submit, at the time of filing the project owner's state tax return, the original tax credit certificate issued by the department with respect to such qualified Rhode Island project. In the case of failure to attach the tax credit certificate, a credit under this section shall not be allowed with respect to such qualified Rhode Island project for that year until the original tax credit certificate is provided to the division of taxation.