2012 -- S 2623

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LC01357

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

EXEMPTING FROM TAXATION CLOUDS HILL VICTORIAN HOUSE MUSEUM IN AN

AMOUNT NOT EXCEEDING THREE MILLION DOLLARS ($3,000,000)

     Introduced By: Senators Lynch, Walaska, and McCaffrey

     Date Introduced: March 01, 2012

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Clouds Hill Victorian House Museum, a nonbusiness corporation,

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incorporated under the general laws of this state on November, 1, 2004, is hereby authorized to

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take, hold, transmit and convey real, mixed, and personal estate to an amount not exceeding three

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million dollars ($3,000,000) and said real and personal estate shall be exempt from taxation so

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long as said estate shall be used for the purposes for which said corporation was incorporated.

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     SECTION 2. This act shall take effect upon passage.

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LC01357

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

EXEMPTING FROM TAXATION CLOUDS HILL VICTORIAN HOUSE MUSEUM IN AN

AMOUNT NOT EXCEEDING THREE MILLION DOLLARS ($3,000,000)

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     This act would exempt the Clouds Hill Victorian House Museum from taxation in an

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amount not exceeding three million dollars ($3,000,000).

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     This act would take effect upon passage.

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LC01357

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