Senate Bill #590 (2019)

AN ACT RELATING TO TAXATION - SURETY BOND REQUIRED FOR TAX CREDITS

Requires an owner or developer of a project valued at or above $5,000,000 or more to attest by sworn affidavit that the properties have no outstanding liens and to file a surety bond conditioned upon payment for labor and materials of the project.

View full text
View status on official RI website

Subscribe to email updates


Votes

RIBIT does not have any votes for this legislation yet.
(Vote tracking on RIBIT is still a work-in-progress, so make sure to check the official RI website, too!)