2024 -- S 2047

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LC004131

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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

     

     Introduced By: Senators Acosta, Mack, Cano, Zurier, Kallman, and Murray

     Date Introduced: January 12, 2024

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 45-32-40 of the General Laws in Chapter 45-32 entitled

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"Redevelopment Projects" is hereby amended to read as follows:

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     45-32-40. Taxation of real property acquired.

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     All real property acquired by an agency for redevelopment purposes is subject to taxation

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in the same manner and at the same rate as other real property in the community unless the real

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property is located in the city of Providence, the city of Central Falls or the city of Pawtucket and

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is exempted by an ordinance enacted by the city council.

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     SECTION 2. This act shall take effect upon passage.

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LC004131

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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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     This act would add the city of Central Falls as exempt from taxation for property acquired

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by an agency for redevelopment purposes.

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     This act would take effect upon passage.

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LC004131

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