| Chapter 019 |
| 2024 -- H 7323 Enacted 05/10/2024 |
| A N A C T |
| RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION |
Introduced By: Representatives Cortvriend, McGaw, and Speakman |
| Date Introduced: January 26, 2024 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is |
| hereby amended by adding thereto the following section: |
| 44-3-68. Portsmouth -- Tax exemptions, abatements, or payments in lieu of tax |
| agreements. |
| The town council of the town of Portsmouth may, by ordinance or resolution, provide for |
| exemption from valuation for taxation or otherwise enter into tax abatement or payment in lieu of |
| taxes agreements upon terms acceptable to the town council regarding the real property known as |
| "Quaker Manor" located at 2368 East Main Road, and designated as tax assessor's map 39, lots |
| 47A and 47C, which is occupied by persons or families of low- or moderate- income. |
| SECTION 2. This act shall take effect upon passage. |
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| LC003337 |
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