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| 4 | 4 | | |
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| 5 | 5 | | 2023 -- H 5835 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC002159 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S TATE OF RHODE IS LAND |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2023 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO STATE AFFAIRS AND GOVERNMENT - REGULATION OF SALES TAX |
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| 16 | 16 | | CREDITS |
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| 17 | 17 | | Introduced By: Representatives Lima, Cardillo, and P. Morgan |
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| 18 | 18 | | Date Introduced: March 01, 2023 |
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| 19 | 19 | | Referred To: House Corporations |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | It is enacted by the General Assembly as follows: |
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| 23 | 23 | | SECTION 1. Title 42 of the General Laws entitled "STATE AFFAIRS AND 1 |
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| 24 | 24 | | GOVERNMENT" is hereby amended by adding thereto the following chapter: 2 |
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| 25 | 25 | | CHAPTER 165 3 |
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| 26 | 26 | | SALE OF TAX CREDITS 4 |
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| 27 | 27 | | 42-165-1. Regulation of sales tax credits. 5 |
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| 28 | 28 | | The attorney general’s office shall regulate the sale of tax credits and shall adopt rules and 6 |
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| 29 | 29 | | regulations for the supervision of the sale of tax credits by brokers or salespersons as well as 7 |
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| 30 | 30 | | establish qualifications for persons and entities certified to act as brokers or salespersons of the tax 8 |
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| 31 | 31 | | credits. 9 |
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| 32 | 32 | | 42-165-2. List of authorized brokers and salespersons. 10 |
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| 33 | 33 | | The attorney general’s office shall maintain an official certified list of all persons 11 |
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| 34 | 34 | | authorized to act as brokers and salespersons of the tax credits. 12 |
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| 35 | 35 | | 42-165-3. Use of authorized brokers or salespersons. 13 |
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| 36 | 36 | | No person may hire a broker or salesperson of their choice to aid in the sale of their tax 14 |
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| 37 | 37 | | credits. Sellers shall use brokers or salespersons, on a fair and rotating basis, from the attorney 15 |
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| 38 | 38 | | general’s certified list. 16 |
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| 39 | 39 | | |
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| 40 | 40 | | |
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| 41 | 41 | | LC002159 - Page 2 of 3 |
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| 42 | 42 | | SECTION 2. This act shall take effect upon passage. 1 |
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| 43 | 43 | | ======== |
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| 44 | 44 | | LC002159 |
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| 45 | 45 | | ======== |
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| 47 | 47 | | |
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| 48 | 48 | | LC002159 - Page 3 of 3 |
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| 49 | 49 | | EXPLANATION |
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| 50 | 50 | | BY THE LEGISLATIVE COUNCIL |
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| 51 | 51 | | OF |
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| 52 | 52 | | A N A C T |
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| 53 | 53 | | RELATING TO STATE AFFAIRS AND GOVERNMENT - REGULATION OF SALES TAX |
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| 54 | 54 | | CREDITS |
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| 55 | 55 | | *** |
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| 56 | 56 | | This act would require the attorney general’s office to regulate the sale of tax credits, 1 |
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| 57 | 57 | | including such actions as establishing qualifications and a certified list of those authorized to act as 2 |
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| 58 | 58 | | brokers and salespersons of tax credits. 3 |
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| 59 | 59 | | This act would take effect upon passage. 4 |
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| 60 | 60 | | ======== |
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| 61 | 61 | | LC002159 |
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| 62 | 62 | | ======== |
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