12-LA133

2012 -- S 3004

Enacted 06/18/12

 

 

A N A C T

INCREASING THE MAXIMUM TAX EXEMPTION OF THE BOYS AND GIRLS CLUB OF PAWTUCKET

     

     

     Introduced By: Senator Donna M. Nesselbush

     Date Introduced: May 24, 2012

 

     

 

It is enacted by the General Assembly as follows:

 

     SECTION 1. Section 2 of an act entitled ďAn act to incorporate Pawtucket Boys Club, of

Pawtucket, Rhode Island passed at the January session A. D. 1902, and amended in the January

1962 session, further amended in the January 1987 session and further amended in the January

2002 session, is hereby further amended to read as follows:

     Sec. 2. Said corporation may take, hold, transmit, and convey real, mixed, and personal

estate to an amount not exceeding ten million dollars, which Property, real mixed, and personal

held and possessed by said corporation not exceeding ten twenty-five million dollars, shall be

exempt from taxation so long as said property shall be occupied exclusively for the objects set out

in this act of incorporation, and not other.

     SECTION 2. This act shall take effect upon passage.

     

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LC02699

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