LegalFix
Sign In

Section 44-30-21 Hydroelectric development tax credit - Definitions.

RI Gen L § 44-30-21 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§ 44-30-21. Hydroelectric development tax credit - Definitions. For purposes of this chapter:

(1) "Existing dam" means any dam located in this state or immediately adjacent to it, the construction of which was completed on or before May 20, 1981, and which does not require any construction or enlargement of impoundment structures, other than repairs or reconstruction, in connection with the installation of any small hydroelectric power project;

(2) "Hydroelectric power developer" means any person or corporation who owns or leases an existing dam and who installs hydroelectric power generation equipment and utilizes that equipment to generate hydroelectric power;

(3) "Installation costs" means all expenditures related to the design, construction, installation, or repair of all facilities necessary for hydroelectric power production in this state;

(4) "Small hydroelectric power production facility" means any hydroelectric power project which is located in this state, which uses the water power potential of an existing dam, and which has not more than fifteen thousand (15,000) kilowatts of installed capacity.

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

Previous Section
Section 44-30-20 Tax credit for installation costs to hydroelectric power developers - Legislative findings and declaration of policy.
Next Section
Section 44-30-22 Tax credit for installation costs.