Any qualified business, officer or employee of a qualified business who willfully fails to comply with the provisions of this chapter or otherwise submits false or misleading information is guilty of a misdemeanor. Upon conviction, the qualified business, officer or employee of a qualified business shall be fined an amount not to exceed three (3) times the amount of tax credits received by the company or be imprisoned for a period not exceeding one year, or both.
R.I. Gen. Laws § 42-64.3-11
Penalty for failure to comply
Known as the Distressed Areas Economic Revitalization Act
The act spans §§ 42-64.3-1 to 42-64.3-9.1 (21 sections).
P.L. 1994, ch. 176, § 3.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.