Rhode Island Legislature Enacts Law Relating to Rebuild Rhode Island Income, Sales Tax Credit

The Rhode Island General Assembly June 24 enacted a law relating to the rebuild Rhode Island tax credit for sales and use, corporate income, and trust income tax purposes. The law was enacted without executive approval. The law includes measures: 1) disallowing the tax credits unless the commerce corporation receives confirmation from the department of labor and training that there has been compliance with the prevailing wage requirements; 2) defining the term “construction worker"; and 3) providing that construction workers be paid as per wage and benefits required under the chapter on labor and payments of debts by contractors for ...