Rhode Island § 45-33.2-18 § 45-33.2-18. Annual report.

Rhode Island Statutes

§ 45-33.2-18 — § 45-33.2-18. Annual report.

Rhode Island § 45-33.2-18

Title 45Towns and cities

Ch. 45-33.2Municipal Tax Increment Financing Act

This text of Rhode Island § 45-33.2-18 (§ 45-33.2-18. Annual report.) 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 § 45-33.2-18 (2026).

Text

§ 45-33.2-18. Annual report.
No later than September 1 of each year a project plan pursuant to this chapter is
            in effect in a city or town, the city or town shall make a report to the director
            of the department of economic development. The annual report shall review for the
            preceding fiscal year the activities financed by tax increment financing, the taxable
            valuation of the city or town, and for each tax increment area within the city or
            town, the taxable valuation of the property within the tax increment area, the amount
            of the tax increment, and the amount used or set aside for the purposes of the plan.
            The report shall also include t

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§ 45-33.2-18. Annual report.

No later than September 1 of each year a project plan pursuant to this chapter is in effect in a city or town, the city or town shall make a report to the director of the department of economic development. The annual report shall review for the preceding fiscal year the activities financed by tax increment financing, the taxable valuation of the city or town, and for each tax increment area within the city or town, the taxable valuation of the property within the tax increment area, the amount of the tax increment, and the amount used or set aside for the purposes of the plan. The report shall also include the approximate number of new jobs created or preserved from the activities financed by tax incremental financing, construction and nonconstruction, the approximate amount of the wages for the jobs created, what types of fringe benefits, such as healthcare insurance or retirement benefits were made available to the new jobs created, the amount of new personal income taxes generated for the state of Rhode Island, a description of any plan or process intended to stimulate hiring in the municipality where the project is located, training of employees or potential employees and outreach to minority job applicants and minority businesses and any other relevant information requested by the director.