2024 -- H 8158

========

LC005900

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2024

____________

A N   A C T

RELATING TO TOWNS AND CITIES -- GENERAL POWERS -- WOONSOCKET -- TAX

STABILIZATION AGREEMENTS

     

     Introduced By: Representatives Phillips, Casey, and J. Brien

     Date Introduced: April 10, 2024

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

1

     SECTION 1. Chapter 45-2 of the General Laws entitled "General Powers" is hereby

2

amended by adding thereto the following section:

3

     45-2-2.2. City of Woonsocket -- Tax stabilization agreements.

4

     The city council of the city of Woonsocket is hereby authorized to extend, if necessary, tax

5

stabilization agreements within the city, for properties currently occupied by CVS at 1 CVS Drive,

6

100 Highland Industrial Park Drive, and other properties in the city.

7

     SECTION 2. This act shall take effect upon passage.

========

LC005900

========

 

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TOWNS AND CITIES -- GENERAL POWERS -- WOONSOCKET -- TAX

STABILIZATION AGREEMENTS

***

1

     This act would grant the city of Woonsocket the authority to extend tax stabilization

2

agreements within the city, for properties currently occupied by CVS at 1 CVS Drive, 100 Highland

3

Industrial Park Drive, and other properties in the city.

4

     This act would take effect upon passage.

========

LC005900

========

 

LC005900 - Page 2 of 2