A N A C T
EXEMPTING FROM TAXATION THE REAL, MIXED AND PERSONAL PROPERTY OF THE GRANITE THEATRE CORPORATIONM
It is enacted by the General Assembly as follows:
SECTION 1. All the real, mixed, and personal property in the town of Westerly of THE GRANITE THEATRE CORPORATION, incorporated on January 4, 2000 as a nonbusiness corporation, shall be exempt from state and local taxation so long as said property shall be used for the purposes for which said corporation was incorporated.
SECTION 2. This act shall take effect upon passage.