Chapter 003

2008 -- H 7007 SUBSTITUTE A

Enacted 03/27/08

 

A N A C T

AMENDING THE DISTRESSED AREAS ECONOMIC REVITALIZATION ACT

     

     Introduced By: Representatives Williamson, and Serpa

     Date Introduced: January 01, 2008

     

It is enacted by the General Assembly as follows:

 

     SECTION 1. Chapter 42-64.3 of the General Laws entitled "Distressed Areas Economic

Revitalization Act" is hereby amended by adding thereto the following section:

 

     42-64.3-9.1. Authority for business property tax adjustment -- West Warwick. –

Notwithstanding the provisions of section 44-3-9, the West Warwick Town Council may stabilize

real and tangible property taxes in connection with the development and construction of a

hotel/waterpark to be located in the West Warwick Business Park for a period not to exceed

twenty-five (25) years.

 

     SECTION 2. This act shall take effect upon passage.

     

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LC00244/SUB A

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