2012 -- S 2122

=======

LC00341

=======

STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

____________

A N A C T

RELATING TO TAXATION

     Introduced By: Senators Tassoni, Nesselbush, and DeVall

     Date Introduced: January 18, 2012

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

1-1

     SECTION 1. Chapter 44-5 of the General Laws entitled “Levy and Assessment of Local

1-2

Taxes" is hereby amended by adding thereto the following section:

1-3

     44-5-83. Tax Treaties required with Educational Institutions. – Notwithstanding any

1-4

of the provisions of title 44 or any other general law, any university, college or other non-profit

1-5

educational institution which has not entered into a tax treaty with the municipality wherein it is

1-6

located, shall not be considered tax exempt and its real and personal property shall be subject to

1-7

taxation by the municipality in the same manner as other businesses taxed by the municipality.

1-8

     SECTION 2. This act shall take effect upon passage.

=======

LC00341

========

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION

***

2-1

     This act would provide that a non-profit educational institution which does not enter into

2-2

a tax treaty with the municipality wherein it is located shall not be considered tax exempt.

2-3

     This act would take effect upon passage.

=======

LC00341

=======