State Tax Administrator

9:38 am
Wed August 28, 2013

Division of Taxation Hands Out Historic Tax Credits

Using a lottery system, the Division of Taxation handed out 31 Historic Tax credits.

The Rhode Island Division of Taxation held a drawing Tuesday to award just $35 million in state historic tax credits.  The General Assembly voted earlier this year to reopen the historic tax credit program.

The Division of Taxation used a drawing to pick who would get the tax credits since demand outstripped supply. State Tax Administrator David Sullivan says the recipients comprise a variety of projects expected to boost the economy.

Read more