Rhode Island Legislation Would Require Prevailing Wage to Construction Workers for Projects Getting State Credit
Legislation introduced in the Rhode Island House of Representatives would require all entities that receive the Rebuild Rhode Island Tax Credit–which includes the state historic tax credit (HTC) and a credit for mixed-use developments in opportunity zones (OZs) that support new affordable or workforce housing–to pay prevailing wages to construction workers. H.B. 7985 applies to all applications of the Rebuild Rhode Island Tax Credit and provides for the revocation of such credits for failure to meet the requirements.
Learn more about the interaction of state-level incentives with the OZ incentive at the Novogradac 2022 Spring Opportunity Zones Conference, April 21-22 in Long Beach, California.