2014 -- S 2999 SUBSTITUTE A
Enacted 07/03/14
RELATING TO TAXATION -- TOWN OF NORTH SMITHFIELD
Introduced By: Senators E O`Neill, and Jabour
Date Introduced: May 08, 2014
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:
44-3-9.2.1. North Smithfield -- Exemption or partial abatement of taxes for Rankin Estates. -- The town council of the town of North Smithfield may vote, at a duly noticed public meeting, to grant a partial abatement of taxes for a sum total yearly abatement in the amount of fourteen thousand three hundred dollars ($14,300), for a period of seven (7) years from the date of master plan approval for a grand total of one hundred thousand one hundred dollars ($100,100) in abatements for the real property known as "Rankin Estates" which consists of property located in the town of North Smithfield laid out and designated as assessor's plat 14, Lots 17, 19, 20, 29, 31-34, 36, 88, 93, 106, 107, 123, 125, 128, 135, 136, 139, 140, 141, 144, 145, 147, 159, 202, 242.
SECTION 2. This act shall take effect upon passage.
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LC005641/SUB A
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