Friday, December 20, 2013

Tax credit contract now posted

The Rhode Island Division of Taxation today posted the first signed contract under the state's new program for historic preservation tax credits.

The contract includes the name of the recipient, the project involved, the project's cost, the amount of credits, and other details.

The Division of Taxation has also established an online repository where all such signed contracts will be posted.

The new historic preservation tax credit program -- and its attendant transparency -- are the result of legislation approved by the General Assembly and signed into law by Governor Lincoln D. Chafee in July.