Title 42, Title 42 Affairs and Government

The Rhode Island economic development corporation may initiate an economic development project by adopting an economic development project plan in accordance with the provisions of this chapter, the Rhode Island Economic Development Corporation Act, chapter 64 of this title, and …

(a) The proceeds of the bonds described in part I of P.L. 1979, Chapter 157 shall be deposited by the Rhode Island economic development corporation in a special account to be designated “Rhode Island economic development assistance fund of 1979” (the “bond fund”) to be used from …

This chapter shall be known as the “Rhode Island Public Rail Corporation Act.”

Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general, special or local, the provisions of this chapter shall be controlling.

If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, the judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, …

(a) There is authorized, created, and established a public corporation of the state having a distinct legal existence from the state and not constituting a department of state government, which is a governmental agency and public instrumentality of the state, to be known as the R…

The Rhode Island public rail corporation is authorized, created, and established for the purpose of enhancing and preserving the viability of commuter transit and railroad freight operations in Rhode Island.

Except to the extent inconsistent with any specific provision of this chapter, the Rhode Island public rail corporation shall have power: (1) To sue and be sued, complain and defend, in its corporate name; (2) To have a seal, which may be altered at pleasure, and to use the seal …

In addition to the powers enumerated in § 42-64.2-4, except to the extent inconsistent with any specific provisions of this chapter, the Rhode Island public rail corporation shall have the power to: (1) Receive from the state title to certain real estate situated in Providence, R…

The powers of the Rhode Island public rail corporation shall be vested in a board of directors consisting of a director of the state department of administration, the director of the state department of transportation, and the chairperson of the Rhode Island public transit author…

The annual report of the Rhode Island public rail corporation shall be sent to the governor, the general assembly, and to the chief elected officials of cities and towns in which the corporation owns real estate. The report shall include a complete report of the operations and fi…

The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, the increase of their commerce, welfare and prosperity and for the improvement of their health and living conditions and will constitute the performance of an e…

Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the corporation might otherwise have under any laws of this state, and this chapter is cumulative to any of those powers. This chapter does and shall b…

This chapter shall be known as the “Distressed Areas Economic Revitalization Act.”

The state tax administrator shall promulgate appropriate rules or regulations to insure the proper administration of the taxation provisions of this chapter. The council shall promulgate appropriate rules or regulations to certify qualified businesses and to determine that a busi…

Notwithstanding the provisions of this chapter, when a qualified business has separate manufacturing facilities in two separate enterprise zones, the qualified business will continue to maintain its qualified status with respect to the enterprise zones if the net addition of new …

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…

Consistent with the provisions of this chapter, any company whose state-based operations are within the boundaries of a federal enterprise zone or enterprise community shall be deemed eligible to qualify for the benefits afforded by this chapter; provided, however, that the benef…

If the provisions of this chapter or the application of this chapter to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to thi…

The general assembly finds and declares: (1) That there are certain distressed areas in this state which are characterized by substantial and persistent levels of unemployment; blighted areas; obsolete, dilapidated, and abandoned industrial and commercial structures; and, as a co…

As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent: (1) “Council” or “enterprise zone council” means the governmental agency created pursuant to § 42-64.3-3.1. (2) “Effe…

(a) There is created within the Rhode Island commerce corporation the “enterprise zone council,” which shall consist of five (5) members to be appointed by the governor; one member shall be the chief executive officer of the Rhode Island commerce corporation; one member shall rep…

(a) The council may designate qualified United States Bureau of the Census divisions or delineations as enterprise zones upon receiving notice from the appropriate governing authority that the governing authority agrees to: (1) Devise and implement a program of police protection …

(a) The zone shall consist of not more than five (5) contiguous United States census tracts or portions thereof as set forth in the most recent federal census, except that the council may add Block 101 of Census Tract 135 in the City of Cranston to any enterprise zone abutting th…

To the maximum extent possible, the directors of the departments of administration, business regulation, labor and training, environmental management, workforce 2000, human services, transportation, and the Rhode Island housing and mortgage finance corporation will provide specia…

A qualified business in an enterprise zone is allowed a credit against the tax imposed pursuant to chapters 11, 13 (except the taxation of tangible personal property under § 44-13-13), 14, 17, and 30 of title 44: (1) A credit equal to fifty percent (50%) of the total amount of wa…

(a) The council shall not certify any applicant as a qualified business under § 42-64.3-3(6) until it has first prepared and publicly released an analysis of the impact the proposed investment will or may have on the state. The analysis shall be supported by appropriate data and …

(a) In computing his or her annual tax liability pursuant to the provisions of chapter 11 or 30 of title 44, a domiciliary of an enterprise zone who owns and operates a qualified business facility in that zone and which business is not required to file under chapter 11, 13, 14, o…

The Rhode Island economic development corporation shall promote the existence of the zone(s) and the tax incentives contained in this chapter.

Notwithstanding the provisions of chapters 3 — 9 of title 44, real and tangible property taxes in enterprise zones for qualified businesses may be exempted or stabilized upon authorization of the city or town council. Nothing in this section shall be deemed to permit the exemptio…

Notwithstanding the provisions of § 44-3-9, the West Warwick Town Council may stabilize real and tangible property taxes in connection with the development and construction of a hotel/waterpark to be located in the West Warwick Business Park for a period not to exceed twenty-five…

This chapter shall be known and may be cited as the “Economic Development Reporting Act.”

Any board, corporation, commission, or other entity of the state that issues or approves tax-exempt bonds, or bonds that are partially tax-exempt, for private uses, including, but not necessarily limited to, industrial revenue bonds, and any corporation or agency whose purpose is…

The annual reports required by the provisions of this chapter shall include: (1) The annual budget of the board, corporation, commission, or state entity affected by the provisions of this chapter; (2) A listing of all applications for assistance submitted to the board, corporati…

If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair or invalidate the remainder thereof, nor affect other provisions or applications of this chapter whic…

This chapter shall be known as the “Jobs Development Act.”

As used in this chapter, unless the context clearly indicates otherwise: (1) “Adjusted current employment” means, for any taxable year ending on or after July 1, 1995, the aggregate of the average daily number of full-time equivalent active employees employed within the State by …

The rate of tax payable by an eligible company and each of its eligible subsidiaries for any taxable year ending on or after July 1, 1995, on its net income pursuant to the applicable income tax provisions of the general laws, including the provisions of §§ 44-11-2(a), 44-14-3(a)…

(a)(i) The amount of the rate reduction specified in § 42-64.5-3 for any eligible company that is not a telecommunications company for each taxable year ending on or after July 1, 1995, shall be based upon the aggregate amount of new employment of the eligible company and its eli…

(a) An eligible company may elect to determine its “base employment” for the purposes of this chapter on July 1 of any year subsequent to 1994, rather than on July 1, 1994; provided, however, that an eligible company that is a telecommunication company shall determine its base em…

If any provision of this chapter or the application of any section or part of this chapter to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this chapter which can be given effect without the invalid provision or ap…

(a) If: (i) An eligible company (hereinafter referred to as the “resulting company”) continues, succeeds to, or acquires all or substantially all of the business of one or more eligible companies including all of its eligible subsidiaries (each such eligible company, together wit…

On or before September 1, 2009, and every September 1 thereafter, all eligible companies qualifying for a rate reduction pursuant to § 42-64.5-3 shall file an annual report with the tax administrator. The report shall contain each full-time equivalent active employee’s name, soci…

This chapter shall be known and may be cited as the “Jobs Training Tax Credit Act.”

A qualifying employer shall be allowed a credit against the tax imposed by chapters 11, 13 (except for § 44-13-13), 14, 17, and 30 of title 44 in the manner set forth in this chapter for the qualifying expenses of offering training and/or retraining to qualifying employees.

As used in this chapter unless the context clearly requires otherwise: (1) “Election” means the election to be filed by a qualifying employer with the human resource investment council. (2) “Qualifying employee” means an individual (other than an employee who would be treated as …