Section 310-RICR-10-10-1.13 - Tax Credit CertificatesA. Upon the issuance of an eligibility statement, the Department will 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 that receives an eligibility statement and tax credit certificates shall, at the time of filing the owner's state tax return, submit therewith 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 tax credit 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.310 R.I. Code R. 310-RICR-10-10-1.13
Adopted effective 10/8/2024