2012 -- H 7398

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LC01013

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Representatives Petrarca, and Winfield

     Date Introduced: February 02, 2012

     Referred To: House Municipal Government

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. Smithfield—Real and personal tax treaty with nonprofit corporations. –

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The town of Smithfield may, by resolution or ordinance adopted by its town council, enter into a

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real and personal tax treaty with any and all nonprofit corporations located within the town.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

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     This act would enable the town of Smithfield to enter into a real and personal tax treaty

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with any and all nonprofit corporations.

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     This act would take effect upon passage.

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LC01013

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