{"data":{"id":"us-ri/r.i.-gen.-laws-42-64.30-3","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 42-64.30-3","heading":"Definitions.","body":"As used in this act:\n(1) “Commerce corporation” means the Rhode Island commerce corporation established pursuant to § 42-64-1 et seq.\n(2) “Eligibility period” means the period in which a Rhode Island business may claim a tax credit under this act, beginning with the tax period in which the commerce corporation accepts certification by the Rhode Island business that it has played a substantial role in the decision of a qualified business to relocate to Rhode Island and extending thereafter for a term of five (5) years.\n(3) “Hope community” means a municipality for which the five-year (5) average percentage of families with income below the federal poverty level exceeds the state five-year (5) average percentage, both most recently reported by the U.S. Department of Commerce, Bureau of the Census.\n(4) “Qualified business” means an entity that supplies goods or services to a Rhode Island business or is a material service provider or a material customer of a Rhode Island business, or is an affiliate of such supplier, service provider or customer.\n(5) “Qualifying relocation” means a qualified business with the minimum number of employees as set forth in § 42-64.30-5(a)(1) and (2), which moves an existing facility to the state of Rhode Island or constructs a new facility to supply goods or services to a Rhode Island business.\n(6) “Rhode Island business” means a business enterprise physically located in, and authorized to do business in, the state of Rhode Island.\n(7) “Taking possession” means executing a lease, acquiring title, or otherwise committing to occupy as defined by the commerce corporation.","path":["Title 42 State Affairs and Government","Chapter 64.30 Anchor Institution Tax Credit"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE42/42-64.30/42-64.30-3.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:01Z","sha256":"f08414118a57a247a724f5e7db5e667b3d17a29617bb9b44175f601787617bbb","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-42-64.30-2","next":"us-ri/r.i.-gen.-laws-42-64.30-4"},"notice":"GroundRules: Original legal text. Not legal advice."}