2009 Rhode Island Code
Title 44 - Taxation
CHAPTER 44-30.3 - Residential Lead Abatement Income Tax Credit
§ 44-30.3-1 - Residential lead abatement tax relief – Limitation.

SECTION 44-30.3-1

   § 44-30.3-1  Residential lead abatement tax relief – Limitation. – (a) Appropriations from the general fund for property tax relief provided by this chapter are in the amount of two hundred and fifty thousand dollars ($250,000) for the year commencing on July 1, 2004, and for each subsequent fiscal year.

   (b) A claimant shall be entitled to tax relief for residential lead removal or lead hazard reduction when he or she: (1) obtains a housing resources commission regulated certificate of conformance for mitigation, pursuant to chapter 24.6 of title 23; or (2) obtains a department of health regulated lead safe certificate for abatement, pursuant to chapter 24.6 of title 23. The lead paint tax relief shall only apply to residential premises. Residential premises shall include single-family homes, individual condominiums, and individual units in either apartment buildings or multi-family homes.

   (c) The tax relief shall be equal to the amount actually paid for the required lead abatement or lead hazard mitigation up to a maximum of one thousand five hundred dollars ($1,500) per dwelling unit for mitigation and up to five thousand dollars ($5,000) per dwelling unit for abatement, as specified under subsection (b) above. In the event that: (1) multiple owners of the dwelling unit; or (2) owner(s) along with the renter(s)/lessee(s) of the dwelling unit have jointly incurred costs and paid for the lead abatement/lead hazard mitigation, each individual must apply for relief as a separate claimant, and must include all required proof of payment and certifications, based on their respective contributions to the cost of lead abatement/lead hazard mitigation.