Notwithstanding the provisions of chapters 3 — 9 of title 44, real and tangible property taxes in enterprise zones for qualified businesses may be exempted or stabilized upon authorization of the city or town council. Nothing in this section shall be deemed to permit the exemption or stabilization for any manufacturing or commercial concern locating from one city or town within the state to another.
R.I. Gen. Laws § 42-64.3-9
Standards for business property tax adjustment
Known as the Distressed Areas Economic Revitalization Act
The act spans §§ 42-64.3-1 to 42-64.3-9.1 (21 sections).
P.L. 1982, ch. 396, § 1; P.L. 1991, ch. 340, § 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.