Chapter 299

2017 -- S 0911 Enacted 07/26/2017

A N   A C T

RELATING TO THE BURRILLVILLE LAND TRUST

Introduced By: Senator P Fogarty

Date Introduced: May 18, 2017

It is enacted by the General Assembly as follows:

SECTION 1. Unless otherwise amended by this act, the terms, conditions, provisions and

definitions of chapters 78 and 352 of the public laws of 2001 are hereby incorporated by

reference and shall remain in full force and effect.

SECTION 2. Section 1 of chapter 78 of the public laws of 2001, entitled "An act relating

to the Burrillville land trust" is hereby amended to read as follows:

SECTION 1. Burrillville Land Trust, a nonbusiness corporation created on March 30,

2000, shall be exempt from taxation on all property to which it has title, provided that the

aggregate value of the exempt property shall not exceed five hundred thousand dollars ($500,000)

two million dollars ($2,000,000) and such property is not zoned for any type of

commercial/industrial use.

SECTION 3. Section 1 of chapter 352 of the public laws of 2001, entitled "An act

relating to the Burrillville land trust" is hereby amended to read as follows:

SECTION 1. Burrillville Land Trust, a nonbusiness corporation created on March 30,

2000, shall be exempt from taxation on all property to which it has title, provided that the

aggregate value of the exempt shall not exceed five hundred thousand dollars ($500,000) two

million dollars ($2,000,000) and such property is not zoned for any type of commercial/industrial

use.

SECTION 4. This act shall take effect upon passage.

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LC002712

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