2015 Rhode Island General Laws
Title 44 - Taxation
Chapter 44-48.3 - Rhode Island New Qualified Jobs Incentive Act 2015
Section 44-48.3-12 - Discontinuance of further rate reductions and future beneficiaries under the jobs development act.
§ 44-48.3-12 Discontinuance of further rate reductions and future beneficiaries under the jobs development act. – (a) The rate reduction(s) provided pursuant to chapter 64.5 of title 42 of the general laws shall be discontinued effective July 1, 2015, except as provided in subsection (b) of this section.
(b) Any company that has qualified for a rate reduction pursuant to chapter 64.5 of title 42 prior to July 1, 2015, shall be entitled to maintain the rate reduction in effect as of June 30, 2015, and no additional rate reduction shall be permitted. All obligations of the company required under chapter 64.5 of title 42 to retain a rate reduction shall remain in full force and effect.
History of Section.
(P.L. 2015, ch. 141, art. 19, § 15.)
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