2012 -- H 7158 | |
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LC00340 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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A N A C T | |
RELATING TO TAXATION | |
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Introduced By: Representatives Winfield, Petrarca, and Carnevale | |
Date Introduced: January 18, 2012 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
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SECTION 1. Chapter 44-5 of the General Laws entitled “Levy and Assessment of Local |
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Taxes" is hereby amended by adding thereto the following section: |
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44-5-83. Tax Treaties required with Educational Institutions. – Notwithstanding any |
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of the provisions of title 44 or any other general law, any university, college or other non-profit |
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educational institution which has not entered into a tax treaty with the municipality wherein it is |
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located, shall not be considered tax exempt and its real and personal property shall be subject to |
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taxation by the municipality in the same manner as other businesses taxed by the municipality. |
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SECTION 2. This act shall take effect upon passage. |
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LC00340 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION | |
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This act would provide that a non-profit educational institution which does not enter into |
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a tax treaty with the municipality wherein it is located shall not be considered tax exempt. |
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This act would take effect upon passage. |
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LC00340 | |
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