Section 44-48.2-1. – Short title.

§ 44-48.2-1. Short title. This chapter shall be known and may be cited as the “Economic Development Tax Incentives Evaluation Act of 2013.” History of Section.P.L. 2013, ch. 155, § 5; P.L. 2013, ch. 209, § 5.

Section 44-48.2-2. – Legislative findings and purpose.

§ 44-48.2-2. Legislative findings and purpose. The general assembly finds and declares that: (1) The state of Rhode Island relies on a number of tax incentives, including credits, exemptions, and deductions, to encourage businesses to locate, hire employees, expand, invest, and/or remain in the state; (2) These various tax incentives are intended as a tool […]

Section 44-48.2-3. – Economic development tax incentive defined.

§ 44-48.2-3. Economic development tax incentive defined. (a) As used in this section, the term “economic development tax incentive” shall include: (1) Those tax credits, deductions, exemptions, exclusions, and other preferential tax benefits associated with §§ 42-64.3-6, 42-64.3-7, 42-64.5-3, 42-64.6-4, 42-64.11-4, 44-30-1.1, 44-31-1, 44-31-1.1, 44-31-2, 44-31.2-5, 44-32-1, 44-32-2, 44-32-3, 44-39.1-1, 44-43-2, 44-43-3, and 44-63-2, and […]

Section 44-48.2-4. – Economic development tax incentive evaluations — Schedule.

§ 44-48.2-4. Economic development tax incentive evaluations — Schedule. (a) In accordance with the following schedule, the tax expenditure report produced by the chief of the office of revenue analysis pursuant to § 44-48.1-1 shall include an additional analysis component, consistent with § 44-48.2-5 and produced in consultation with the chief executive officer of the […]

Section 44-48.2-5. – Economic development tax incentive evaluations — Analysis.

§ 44-48.2-5. Economic development tax incentive evaluations — Analysis. (a) The additional analysis as required by § 44-48.2-4 shall include, but not be limited to: (1) A baseline assessment of the tax incentive, including, if applicable, the number of aggregate jobs associated with the taxpayers receiving such tax incentive and the aggregate annual revenue that […]

Section 44-48.2-6. – Consideration by the governor.

§ 44-48.2-6. Consideration by the governor. The governor’s budget submission as required under chapter 35-3 shall identify each economic development tax incentive for which an evaluation was completed in accordance with this chapter in the period since the governor’s previous budget submission. For each evaluated tax incentive, the governor’s budget submission shall include a recommendation […]