Chapter 417

2012 -- H 7183

Enacted 06/22/12

 

A N A C T

RELATING TO TAXATION - WEST GREENWICH

          

     Introduced By: Representatives Tomasso, and Watson

     Date Introduced: January 18, 2012

     

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:

 

     44-3-9.8. West Greenwich - Exemption or stabilization of tax on qualified property

used for manufacturing or commercial purposes in the town of West Greenwich. -- (a)

Except as provided in this section, the town council of the town of West Greenwich may vote to

authorize, for a period not exceeding ten (10) years, and subject to the conditions provided in this

section, to exempt from payment, in whole or part, real and personal property used for

manufacturing or commercial purposes, or to determine a stabilized amount of taxes to be paid on

account of the property, notwithstanding the valuation of the property or the rate of tax; provided,

that after public hearings, at least ten (10) days' notice of which shall be given in a newspaper of

general circulation in the town, the town council determines that:

      (1) Granting of the exemption or stabilization of taxes will inure to the benefit of the

town by reason of:

      (i) The willingness of the manufacturing or commercial concern to locate in the town; or

      (ii) The willingness of a manufacturing firm to expand facilities with an increase in

employment or the willingness of a commercial or manufacturing concern to retain or expand its

facility in the town and not reduce its work force in the town; or

      (iii) An improvement of the physical plant of the town that will result in long-term

economic benefits to the town and the state.

      (2) Granting of the exemption or stabilization of taxes will inure to the benefit of the

town by reason of the willingness of a manufacturing or commercial firm or concern to replace,

reconstruct, expand or remodel existing buildings, facilities, fixtures, machinery, or equipment

with modern buildings, facilities, fixtures, machinery, or equipment, resulting in an increase in,

plant or commercial building investments by the firm or concern in the town.

      (b) Should the town council make the determination in paragraphs (a)(1)(i) -- paragraphs

(a)(1)(iii), or subdivision (a)(2) of this section, an exemption or stabilization may be granted for

existing buildings, property, machinery, or facilities owned by businesses already located in the

town of West Greenwich on January 1, 2011.

      (c) For the purposes of this section, "real property used for manufacturing or commercial

purposes" includes any building or structure used for offices or commercial enterprises including

without limitation any building or structure used for wholesale, warehouse, distribution, and/or

storage business, used for service industries, or used for any other commercial business and the

land on which the building or structure is situated and not used for residential purposes.

      (d) For purposes of this section, "personal property used for manufacturing or

commercial purposes" means any personal property owned by a firm or concern occupying a

building, structure, and/or land used for commercial purposes and used by such firm or concern in

its commercial enterprise including, without limitation, furniture, fixtures, equipment, machinery,

stock in trade, and inventory.

      (e) Except as provided in this section, property for which taxes have been exempted in

whole or in part, or stabilized pursuant to this section, shall not, during the period for which taxes

have been exempted or stabilized, be further liable to taxation by the town so long as the property

is used for the manufacturing or commercial purposes for which the exemption or stabilization

was granted.

      (f) Notwithstanding any vote of, or findings by the town council, the property shall be

assessed for, and shall pay, that portion of the tax, if any, assessed by the town for the purpose of

paying the indebtedness of the town and the indebtedness of the state or any political subdivision

of the state, to the appropriation to any sinking fund of the town, which portion of the tax shall be

paid in full, and the taxes so assessed and collected shall be kept in a separate account and used

only for that purpose.

      (g) Any application for tax exemption or stabilization submitted pursuant to this section

shall be submitted before an application for development plan review is submitted to the West

Greenwich planning board, as applicable, or for other such permits and/or approvals that may be

required from any other town board or commission.

      (h) Any tax exemption or stabilization granted by the town council pursuant to this

section shall be applicable for a period beginning on the first day of the fiscal year in which the

exemption or stabilization is granted.

      (i) If a property owner whose property tax has been exempted or stabilized pursuant to

this section becomes delinquent in the payment of its property taxes, or transfers ownership of its

business, the town council shall have the authority to review and terminate the tax exemption or

stabilization agreement.

 

     SECTION 2. If any provision of this act, or the application thereof to the town of West

Greenwich or to any person or circumstances, is deemed invalid for any reason, the remainder of

this act, or the application of such provision to said town or other persons or circumstances, shall

not be affected thereby and, to this end, the provisions of this act are declared to be severable.

 

     SECTION 3. This act shall take effect upon passage.

     

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LC00257

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