S2944

	2018 -- S 2944
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	LC005782
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2018
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	A N A C T
	RELATING TO TAX INCREMENT FINANCING IN THE TOWN OF MIDDLETOWN

	Introduced By: Senator Louis P. DiPalma
	Date Introduced: May 31, 2018
	Referred To: Senate Housing & Municipal Government
	(by request)
	It is enacted by the General Assembly as follows:
1	SECTION 1. Notwithstanding the provisions of § 45-33.2-3(1) of the general laws, with
2	respect to any tax increment area or district established pursuant to chapter 33.2 of title 45 in the
3	town of Middletown during calendar year 2018, the "base date" or date for determining the
4	original assessed value of property in the area or district shall be either December 31, 2016, or
5	December 31, 2017, as determined by the Middletown town council.
6	SECTION 2. This act shall take effect upon passage.
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	LC005782
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAX INCREMENT FINANCING IN THE TOWN OF MIDDLETOWN
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1	This act would provide that the base date or date for determining the original assessed
2	value of property with respect to any tax increment area or district established in the town of
3	Middletown during calendar year 2018 shall be December 31, 2016, or December 31, 2017, as
4	determined by the Middletown town council.
5	This act would take effect upon passage.
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	LC005782
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	LC005782 - Page 2 of 2