Chapter
048
2008 -- H 7485
Enacted 06/12/08
A N A C T
AUTHORIZING THE TOWN
OF SMITHFIELD TO ESTABLISH BY ORDINANCE A TAX EXEMPTION FOR REAL AND PERSONAL
PROPERTY OWNED BY THE GRODEN CENTER, INC., LOCATED IN THE TOWN OF SMITHFIELD
Introduced By: Representatives Petrarca, and Winfield
Date
Introduced: February 13, 2008
It is
enacted by the General Assembly as follows:
SECTION
1. The town council of the town of Smithfield may, by ordinance, partially or
fully
exempt from taxation any personal and/or real property situated in the town and
owned by
the
Groden Center, Inc. The exemption, if adopted by the town of Smithfield, may be
retroactive
to
December 31, 2007. The town of Smithfield may impose any conditions or other
requirements
for
said exemption of taxation upon the Groden Center, Inc., upon its dissolution
as a nonprofit
corporation
or upon fulfillment of its chartered purpose.
SECTION
2. This act shall take effect upon passage. If the exemption is adopted and
passed,
it may be made retroactive to December 31, 2007.
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LC01388
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