280-20-20 R.I. Code R. § 6.11

Current through June 20, 2024
Section 280-RICR-20-20-6.11 - Election; Limitations
A. Taxpayers who elect and qualify to claim tax credits for the Substantial Rehabilitation of a Certified Historic Structure pursuant to R.I. Gen. Laws Chapter 44-33.6 are ineligible for any tax credits that may also be available to the taxpayer for the Substantial Rehabilitation of that particular Certified Historic Structure under the provisions of R.I. Gen. Laws Chapter 44-33.1 and 42-64.7, and/or 44-31.
B. Prior to entering into the Contract with the Division of Taxation, any taxpayer who has a project that is currently entitled to Tax Credits under the Historic Structures Tax Credit program under R.I. Gen. Laws Chapter 44-33.2 must withdraw from said program with respect to that project and forfeit any claims or redress against the State attributable to that project made available under R.I. Gen. Laws Chapter 44-33.2.
C. Neither taxpayers nor Assignees may apply any tax credits issued in accordance with R.I. Gen. Laws Chapter 44-33.6 until on or after July 1, 2013.

280 R.I. Code R. § 280-RICR-20-20-6.11