2003 -- S 0930 SUBSTITUTE A
RELATING TO THE TOWN OF SOUTH KINGSTOWN
Introduced By: Senator V. Susan Sosnowski
Date Introduced: March 12, 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.