It is enacted by the General Assembly as follows:

SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject To Taxation" is hereby amended by adding thereto the following section:

{ADD 44-3-3.1. Exemption of taxes on certain property used for manufacturing or commercial purposes. -- ADD} {ADD The city council or the town council of any municipality may by ordinance wholly or partially exempt from taxation for a period of up to twenty-five (25) years any items of office equipment, which shall included, but not be limited to, computers, telephone equipment and any other items of personal property used in an office and/or any leasehold improvements which are not otherwise exempt and are used for manufacturing or commercial purposes and may by ordinance establish the procedures for taxpayers to avail themselves of the benefit of any exemption permitted hereunder. Nothing in this section shall be deemed to permit the exemption herein provided to be available to any manufacturing or commercial business relocating from one city or town within the State of Rhode Island to another. ADD}

SECTION 2. Section 44-3-6 of the General Laws in Chapter 44-3 entitled "Property Subject to Taxation" is hereby amended to read as follows:

{ADD 44-3-6. General exemptions inapplicable to property used for manufacturing. -- ADD} Notwithstanding any other provision of this chapter real and personal property devoted to manufacturing purposes shall not be exempt from taxation except as provided by sections 44-3-3 (21), 44-3-3 (23), {ADD 44-3-3.1, ADD} 44-3-9, and 44-5-38.

SECTION 3. This act shall take effect on passage.