(a)  The state tax administration shall promulgate appropriate rules and regulations to ensure the proper administration of the taxation provisions of this chapter. The council shall promulgate appropriate rules and regulations with respect to the building certification process, and the certification of eligible businesses, and shall advise the tax administrator of them and shall promulgate any other rules and regulations that may be necessary to carry out the provisions of this chapter.

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Terms Used In Rhode Island General Laws 42-64.9-16

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • council: means the enterprise zone council established pursuant to Rhode Island General Laws 42-64.9-4
  • Enterprise zone: means an enterprise zone established pursuant to Rhode Island General Laws 42-64.9-4

(b)  In addition to the rules and regulations as provided in subsection (a), the Rhode Island economic development corporation, with assistance from the department of administration office of systems planning and subject to the approval of the enterprise zone council, shall adopt performance standards in order to evaluate the effectiveness of this chapter in accomplishing its stated purpose.

(c)  The evaluation, according to the performance standards established by subsection (b), shall be conducted and reported on an annual basis for each of the years the provisions of this chapter are in force.

History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.