2024 -- H 7109 | |
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LC003904 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
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A N A C T | |
RELATING TO TOWNS AND CITIES -- REDEVELOPMENT PROJECTS | |
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Introduced By: Representatives Voas, Giraldo, Alzate, Cruz, Hull, DeSimone, Potter, | |
Date Introduced: January 10, 2024 | |
Referred To: House Municipal Government & Housing | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 45-32-40 of the General Laws in Chapter 45-32 entitled |
2 | "Redevelopment Projects" is hereby amended to read as follows: |
3 | 45-32-40. Taxation of real property acquired. |
4 | All real property acquired by an agency for redevelopment purposes is subject to taxation |
5 | in the same manner and at the same rate as other real property in the community unless the real |
6 | property is located in the city of Providence, the city of Central Falls or the city of Pawtucket and |
7 | is exempted by an ordinance enacted by the city council. |
8 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TOWNS AND CITIES -- REDEVELOPMENT PROJECTS | |
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1 | This act would add the city of Central Falls as exempt from taxation for property acquired |
2 | by an agency for redevelopment purposes. |
3 | This act would take effect upon passage. |
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