The Rhode Island low-income housing tax credit program is hereby established as a program under the jurisdiction and administration of the department. The program may provide tax credits for a period of five (5) years to applicants that are competitively selected and that meet the requirements of this chapter. The department shall not obligate Rhode Island low-income housing tax credits that cumulatively total in excess of thirty million dollars ($30,000,000) in any fiscal year. History of Section.P.L. 2023, ch. 79, art. 6, § 5, effective June 16, 2023.
Rhode Island Legal Code