The offtrack betting tax payable to the state under § 41-10-7(a)(1), (2), and (3) shall be paid directly by the state to the cities and towns of the state in accordance with the state aid formula as set out in § 45-13-1, and these funds shall be used by the cities and towns as a direct reduction against the residential tax rate.
R.I. Gen. Laws § 41-10-8
Payment by state to cities and towns — State aid formula
P.L. 1990, ch. 512, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.