Introduced By: Representative Moura
Date Introduced : June 2, 1998
It is enacted by the General Assembly as follows:
SECTION 1. Section 45-32-40 of the General Laws in Chapter 45-32 entitled "Redevelopment Projects" is hereby amended to read as follows:
45-32-40. Taxation of real property acquired.
-- All real property acquired by an agency for redevelopment
purposes shall be subject to taxation in the same manner and at
the same rate as other real property in the community {DEL . DEL}
{ADD unless the real property is located in the city of Providence and is exempted by an ordinance enacted by the city council. ADD}
SECTION 2. This act shall take effect upon passage.
