Chapter
003
2008 -- H 7007 SUBSTITUTE A
Enacted 03/27/08
A N A C T
AMENDING THE
DISTRESSED AREAS ECONOMIC REVITALIZATION ACT
Introduced By: Representatives Williamson, and Serpa
Date Introduced: January 01, 2008
It is
enacted by the General Assembly as follows:
SECTION
1. Chapter 42-64.3 of the General Laws entitled "Distressed Areas Economic
Revitalization
Act" is hereby amended by adding thereto the following section:
42-64.3-9.1.
Authority for business property tax adjustment -- West Warwick. –
Notwithstanding
the provisions of section 44-3-9, the West Warwick Town Council may stabilize
real
and tangible property taxes in connection with the development and construction
of a
hotel/waterpark
to be located in the West Warwick Business Park for a period not to exceed
twenty-five
(25) years.
SECTION
2. This act shall take effect upon passage.
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LC00244/SUB A
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