13-LA120

2013 -- S 0943 SUBSTITUTE A

Enacted 07/11/13

A N A C T

EXEMPTING FROM TAXATION THE REAL, MIXED AND PERSONAL PROPERTY OF THE OCEAN STATE SOCCER SCHOOL, INC.

Introduced By: Senators Hodgson, and Sheehan

Date Introduced: May 16, 2013

It is enacted by the General Assembly as follows:

SECTION 1. The town council of the town of North Kingstown may exempt from

taxation for such period as it may deem advisable the real estate and personal property of Ocean

State Soccer School, Inc., a not-for-profit corporation duly created under the laws of this state, to

an amount not exceeding in value of five hundred thousand dollars ($500,000) so long as said

property shall be located in the town of North Kingstown and used for the purpose for which said

corporation was incorporated and so long as Ocean State Soccer School, Inc. shall maintain

nonprofit tax exempt status with the Internal Revenue Service.

SECTION 2. This act shall take effect upon passage.

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LC02576/SUB A

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