Rhode Island Legislation Would Create Exemption from Prevailing Wage Requirement for Rebuild Rhode Island Tax Credit

Wednesday, March 22, 2023 - 11:15AM

Legislation introduced in the Rhode Island House of Representatives would exempt certain properties from the requirement to pay prevailing wages to receive the Rebuild Rhode Island Tax Credit. H.B. 6186 would allow taxpayers that applied for the tax credit before Jan. 1, 2023, an exemption from the prevailing wage requirement for construction projects that have more than $10 million in expenditures. The Rebuild Rhode Island tax credit goes to manufacturing projects, historic rehabilitation properties and mixed-use developments in opportunity zones (OZs) that support affordable housing.

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