Chapter 185
2022 -- H 8319
Enacted 06/27/2022

A N   A C T
RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Introduced By: Representative Scott Slater

Date Introduced: June 03, 2022

It is enacted by the General Assembly as follows:
     SECTION 1. Section 44-3-9 of the General Laws in Chapter 44-3 entitled "Property
Subject to Taxation" is hereby amended to read as follows:
     44-3-9. Exemption or stabilizing of taxes on property used for manufacturing,
commercial, or residential purposes.
     (a)(1) Except as provided in this section, the electors of any city or town qualified to vote
on a proposition to appropriate money or impose a tax when legally assembled, may vote to
authorize the city or town council, for a period not exceeding twenty (20) years, and subject to the
conditions as provided in this section, to exempt from payment, in whole or in part, real and
personal property which has undergone environmental remediation, is historically preserved, or is
used for affordable housing, manufacturing, commercial, or residential purposes, or to determine a
stabilized amount of taxes to be paid on account of the property, notwithstanding the valuation of
the property or the rate of tax; provided, that after public hearings, at least ten (10) days' notice of
which shall be given in a newspaper having a general circulation in the city or town, the city or
town council determines that:
     (i) Granting of the exemption or stabilization will inure to the benefit of the city or town
by reason of:
     (A) The willingness of the manufacturing or commercial concern to locate in the city or
town, or of individuals to reside in such an area; or
     (B) The willingness of a manufacturing firm to expand facilities with an increase in
employment or the willingness of a commercial or manufacturing concern to retain or expand its
facility in the city or town and not substantially reduce its work force in the city or town; or
     (C) An improvement of the physical plant of the city or town which will result in a long-
term economic benefit to the city or town and state; or
     (D) An improvement which converts or makes available land or facility that would
otherwise be not developable or difficult to develop without substantial environmental remediation;
or
     (ii) Granting of the exemption or stabilization of taxes will inure to the benefit of the city
or town by reason of the willingness of a manufacturing or commercial or residential firm or
property owner to construct new or to replace, reconstruct, convert, expand, retain, or remodel
existing buildings, facilities, machinery, or equipment with modern buildings, facilities, fixtures,
machinery, or equipment resulting in an increase or maintenance in plant, residential housing, or
commercial building investment by the firm or property owned in the city or town;
     (2) Provided that should the city or town council make the determination in subparagraph
subsection (a)(1)(i)(B) of this subsection section, any exemption or stabilization may be granted
as to new buildings, fixtures, machinery, or equipment for new buildings, firms or expansions, and
may be granted as to existing buildings, fixtures, machinery and equipment for existing employers
in the city or town.
     (b) Cities shall have the same authority as is granted to towns except that authority granted
to the qualified electors of a town and to town councils shall be exercised in the case of a city by
the city council.
     (c) For purposes of this section, "property used for commercial purposes" means any
building or structures used essentially for offices or commercial enterprises.
     (d) Except as provided in this section, property, the payment of taxes on which has been so
exempted or which is subject to the payment of a stabilized amount of taxes, shall not, during the
period for which the exemption or stabilization of the amount of taxes is granted, be further liable
to taxation by the city or town in which the property is located so long as the property is used for
the manufacturing or commercial, or residential purposes for which the exemption or stabilized
amount of taxes was made.
     (e) Notwithstanding any vote of the qualified electors of a town and findings of a town
council or of any vote and findings by a city council, the property shall be assessed for and shall
pay that portion of the tax, if any, assessed by the city or town in which the real or personal property
is located, for the purpose of paying the indebtedness of the city or town and the indebtedness of
the state or any political subdivision of the state to the extent assessed upon or apportioned to the
city or town, and the interest on the indebtedness, and for appropriation to any sinking fund of the
city or town, which portion of the tax shall be paid in full, and the taxes so assessed and collected
shall be kept in a separate account and used only for that purpose.
     (f) Nothing in this section shall be deemed to permit the exemption or stabilization
provided in this section for any manufacturing or commercial concern relocating from one city or
town within the state of Rhode Island to another.
     (g) Renewable energy resources, as defined in § 39-26-5, qualify for tax stabilization
agreements pursuant to § 44-3-9 subsection (a) of this section.
     (h) Notwithstanding the foregoing, the city council of the city of Providence may extend
the twenty-(20) year (20) period in subsection (a) of this section by an additional ten (10) years for
real property located at 111 Westminster Street (also identified as 55 Kennedy Plaza), Providence,
Rhode Island, identified as assessor's plat 20, lot 14.
     SECTION 2. This act shall take effect upon passage.
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LC006089
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