H7080

	2016 -- H 7080
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	LC003491
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2016
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	A N A C T
	RELATING TO TAXATION - PROPERTY SUBJECT TO TAXATION

	Introduced By: Representatives Tanzi, and McEntee
	Date Introduced: January 08, 2016
	Referred To: House Municipal Government
	It is enacted by the General Assembly as follows:
1	SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is
2	hereby amended by adding thereto the following section:
3	44-3-65. Narragansett - Tangible business property tax exemption. – The town of
4	Narragansett may by ordinance create a tangible business property tax exemption for local small
5	business owners in an amount not to exceed thirty-five thousand dollars ($35,000).
6	SECTION 2. This act shall take effect upon passage.
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	LC003491
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - PROPERTY SUBJECT TO TAXATION
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1	This act would permit the town of Narragansett to establish a tangible business property
2	tax exemption for local small business owners in an amount not to exceed thirty-five thousand
3	dollars ($35,000).
4	This act would take effect upon passage.
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	LC003491
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	LC003491 - Page 2 of 2