§11-13J-12. Program evaluation; expiration of credit;
preservation of entitlement.
Beginning on December 15, 2005, and every second year
thereafter, the director shall secure an independent review of the
neighborhood investment program created by this article and present
the findings to the Joint Committee on Government and Finance.
Unless sooner terminated by law, the Neighborhood Investment
Program Act terminates on July 1, 2016. There is no entitlement to
the tax credit under this article for a contribution made to a
certified project after July 1, 2016, and no credit is available to
any taxpayer for any contribution made after that date. Taxpayers
which have gained entitlement to the credit pursuant to eligible
contributions made to certified projects prior to July 1, 2016,
shall retain that entitlement and apply the credit in due course
pursuant to the requirements and limitations of this article.