Chapter 220

Chapter 220

2003 -- H 6123 SUBSTITUTE A

Enacted 07/15/03






     Introduced By: Representatives Shanley, McHugh, D Caprio, and Lally

     Date Introduced: February 26, 2003


It is enacted by the General Assembly as follows:


     SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation"

is hereby amended by adding thereto the following section:

     44-3-55. Tax exemptions in the town of South Kingstown. - - The town council of the

town of South Kingstown may, by ordinance or resolution, provide for exemptions from

valuation for taxation or otherwise enter into payment in lieu of tax agreements regarding any real

or personal property, which is directly related to the actual conduct of the charitable purposes of a

non-profit organization and which otherwise is, or would become, subject to taxation by the town,

that is owned, leased, or held in the town of South Kingstown by any nonprofit, charitable

organization recognized as such by the state of Rhode Island. Notwithstanding any other

provisions of the general laws to the contrary, the town of South Kingstown shall be authorized to

enter into payment in lieu of tax agreements with qualifying organizations upon terms acceptable

to the town council. The town shall maintain a comprehensive list of all such exemptions and

payment in lieu of tax agreements adopted pursuant to this section, which list shall at set forth the

amount of the exemption, the amount of the in lieu of tax payment, and the date of the resolution

or ordinance establishing the exemption and/or payment in lieu of tax agreement and of any

amendments to the ordinance or resolution.     

SECTION 2. This act shall take effect upon passage.     


LC02589/SUB A