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Rhode Island Bill Would Create Tax Credit for OZ Investments in Pawtucket, Central Falls

Friday, March 8, 2019 - 12:00PM

A bill in the Rhode Island House of Representatives would create a tax credit for 10 percent of  a taxpayer’s opportunity zones (OZ) investment in Pawtucket and Central Falls, R.I. HB 5808 would require a qualified opportunity fund to invest at least $250,000 in the OZ for the participants to receive the credit. The tax credit could be taken in the year in which a qualified OZ business is placed in service.

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