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Rhode Island General Laws — Title 44 (Taxation)

R.I. Gen. Laws § 44-30-20

Tax credit for installation costs to hydroelectric power developers — Legislative findings and declaration of policy

Official textwebserver.rilegislature.govlast amended

# (a)

The general assembly recognizes and declares that because the worldwide supply of fossil fuel and of other nonrenewable energy resources is limited, it is necessary to encourage the utilization of renewable natural resources for the production of energy; that there are many existing dams which could be retrofitted to generate hydroelectric power; and that a major factor inhibiting the development of hydroelectric power generation is the presently higher capital costs for new construction of hydro plants compared to conventional thermal systems.

# (b)

It is the policy of this state to support and foster the development of hydropower generating facilities by the establishment of tax incentives for those owners of existing dams who install hydroelectric power generation equipment.

Amendment history

History of Section. P.L. 1980, ch. 246, § 1; P.L. 1981, ch. 223, § 1.

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In this chapter (40 sections)
  1. 44-30-2.5 · Refund deduction for contribution to the Rhode Island organ…
  2. 44-30-2.6 · Rhode Island taxable income — Rate of tax
  3. 44-30-2.7 · Capital gains rates for assets held more than five (5) years
  4. 44-30-2.8 · Net operating loss deduction
  5. 44-30-2.9 · Refund deduction for contribution to the Rhode Island…
  6. 44-30-2.10 · Alternative flat tax rate
  7. 44-30-2.11 · Refund deduction for contribution to the substance use and…
  8. 44-30-2.12 · Refund deduction for contribution to the behavioral health…
  9. 44-30-3 · Optional tax tables for resident individuals
  10. 44-30-4 · Accounting periods and methods
  11. 44-30-5 · “Resident” and “nonresident” defined
  12. 44-30-6 · Meaning of terms
  13. 44-30-7 · Amortization of air or water pollution control facilities
  14. 44-30-11 · Resident husband and wife
  15. 44-30-12 · Rhode Island income of a resident individual
  16. 44-30-15 · Resident partners
  17. 44-30-16 · Rhode Island income of a resident estate or trust
  18. 44-30-17 · Share of a resident estate, trust, or beneficiary in Rhode…
  19. 44-30-18 · Credit for income taxes of other states
  20. 44-30-19 · Credit to trust beneficiary receiving accumulation…
  21. 44-30-20 · Tax credit for installation costs to hydroelectric power…
  22. 44-30-21 · Hydroelectric development tax credit — Definitions
  23. 44-30-22 · Tax credit for installation costs
  24. 44-30-23 · Extended credits
  25. 44-30-24 · Tax credit for art
  26. 44-30-25 · Modification relating to family education accounts
  27. 44-30-25.1 · Scituate — Modification relating to medical savings…
  28. 44-30-26 · Tax credit for surviving spouse
  29. 44-30-27 · Farm to school income tax credit
  30. 44-30-31 · Nonresident husband and wife
  31. 44-30-32 · Rhode Island income of a nonresident individual
  32. 44-30-33 · Apportionment
  33. 44-30-34 · Nonresident partners
  34. 44-30-35 · Rhode Island income of a nonresident estate or trust
  35. 44-30-36 · Share of a nonresident estate, trust, or beneficiary in…
  36. 44-30-37 · Credit to trust beneficiary receiving accumulation…
  37. 44-30-51 · Returns and liabilities
  38. 44-30-52 · Time and place for filing returns and paying tax
  39. 44-30-53 · Signing of returns and other documents
  40. 44-30-54 · Change of resident status during year
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