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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) By August 1 of each year, each applicant receiving credits under this chapter shall report to the commerce corporation and the division of taxation the following information:
(1) The number of total full-time employees employed at the development;
(2) The total project cost;
(3) The total cost of materials or products purchased from Rhode Island businesses; and
(4) Such other reasonable information deemed necessary by the secretary of commerce.
(b) By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and amount of tax credit for each credit recipient during the previous state fiscal year to the governor, the speaker of the house of representatives, the president of the senate, and the chairpersons of the house and senate finance committees, the house and senate fiscal advisors, and the department of revenue. Such report shall include any determination regarding the potential impact on an approved qualified development project's ability to stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for its residents; assist with business, commercial, and industrial real estate development; and generate revenues for necessary state and local governmental services.
(c) By October 1, 2016, and each year thereafter, the commerce corporation shall report the total number of approved projects, project costs, and associated amount of approved tax credits approved during the prior fiscal year. This report shall be available to the public for inspection by any person and shall be published by the commerce corporation on its website and by the secretary of commerce on the executive office of commerce website.
(d) By October 1 of each year, the division of taxation shall report the name, address, and amount of tax credit received for each credit recipient during the previous state fiscal year. This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.
(e) By November 1 of each year, the division of taxation shall report in the aggregate the information required under subsection (a). This report shall be available to the public for inspection by any person and shall be published by the tax administrator on the tax division website.
Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-64.20-9. Reporting requirements - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-64-20-9/
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