The Rhode Island low-income housing tax credit program is hereby established as a program under the jurisdiction and administration of the department. The program may provide tax credits for a period of five (5) years to applicants that are competitively selected and that meet the requirements of this chapter. The department shall not obligate Rhode Island low-income housing tax credits that cumulatively total in excess of thirty million dollars ($30,000,000) in any fiscal year.
R.I. Gen. Laws § 44-71-4
Establishment of Rhode Island low-income housing tax credit program
Known as the Low-Income Housing Tax Credit Act
The act spans §§ 44–44 (12 sections).
P.L. 2023, ch. 79, art. 6, § 5, effective June 16, 2023.
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.