| Chapter 299 |
| 2017 -- S 0911 Enacted 07/26/2017 |
| A N A C T |
| RELATING TO THE BURRILLVILLE LAND TRUST |
| Introduced By: Senator P Fogarty |
| Date Introduced: May 18, 2017 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Unless otherwise amended by this act, the terms, conditions, provisions and |
| definitions of chapters 78 and 352 of the public laws of 2001 are hereby incorporated by |
| reference and shall remain in full force and effect. |
| SECTION 2. Section 1 of chapter 78 of the public laws of 2001, entitled "An act relating |
| to the Burrillville land trust" is hereby amended to read as follows: |
| SECTION 1. Burrillville Land Trust, a nonbusiness corporation created on March 30, |
| 2000, shall be exempt from taxation on all property to which it has title, provided that the |
| aggregate value of the exempt property shall not exceed five hundred thousand dollars ($500,000) |
| two million dollars ($2,000,000) and such property is not zoned for any type of |
| commercial/industrial use. |
| SECTION 3. Section 1 of chapter 352 of the public laws of 2001, entitled "An act |
| relating to the Burrillville land trust" is hereby amended to read as follows: |
| SECTION 1. Burrillville Land Trust, a nonbusiness corporation created on March 30, |
| 2000, shall be exempt from taxation on all property to which it has title, provided that the |
| aggregate value of the exempt shall not exceed five hundred thousand dollars ($500,000) two |
| million dollars ($2,000,000) and such property is not zoned for any type of commercial/industrial |
| use. |
| SECTION 4. This act shall take effect upon passage. |
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| LC002712 |
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