2013 -- S 0943 SUBSTITUTE A

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LC02576/SUB A

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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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

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

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

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

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

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

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

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

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nonprofit tax exempt status with the Internal Revenue Service.

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     SECTION 2. This act shall take effect upon passage.

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LC02576/SUB A

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

EXEMPTING FROM TAXATION THE REAL, MIXED AND PERSONAL PROPERTY OF

THE OCEAN STATE SOCCER SCHOOL, INC.

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     This act would authorize the town council of the town of North Kingstown to exempt

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from taxation Ocean State Soccer School, Inc., a non-profit corporation, for such a period as it

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may deem advisable the real and personal property located in the town of North Kingstown to an

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amount not exceeding in value of five hundred thousand dollars ($500,000).

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     This act would take effect upon passage.

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LC02576/SUB A

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