(a) The state tax administration shall promulgate appropriate rules and regulations to ensure the proper administration of the taxation provisions of this chapter. The council shall promulgate appropriate rules and regulations with respect to the building certification process, and the certification of eligible businesses, and shall advise the tax administrator of them and shall promulgate any other rules and regulations that may be necessary to carry out the provisions of this chapter.
(b) In addition to the rules and regulations as provided in subsection (a), the Rhode Island economic development corporation, with assistance from the department of administration office of systems planning and subject to the approval of the enterprise zone council, shall adopt performance standards in order to evaluate the effectiveness of this chapter in accomplishing its stated purpose.
(c) The evaluation, according to the performance standards established by subsection (b), shall be conducted and reported on an annual basis for each of the years the provisions of this chapter are in force.
History of Section.
P.L. 2004, ch. 277, § 1; P.L. 2004, ch. 284, § 1.