State Budget Extends Sunset Date for Rhode Island State HTC by One Year
The fiscal year 2023 budget for Rhode Island extended the sunset date for the Rhode Island state historic tax credit (HTC) by one year, to June 30, 2023, according to an advisory document published by the Rhode Island Department of Revenue, Division of Taxation. To receive HTCs, participants must also comply with prevailing wage requirements passed as part of H.B. 7985.
Gain an overview of the HTC and the intricacies of the program on both the state and federal level with the Novogradac Historic Rehabilitation Handbook.