Rhode Island General Laws 42-64.22-9. Applicability
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The amounts subject to reimbursement under this chapter shall apply to any real and/or personal property tax abatement provided pursuant to a tax stabilization agreement, granted pursuant to § 44-3-9, after January 1, 2015. The amounts subject to reimbursement shall also include any reduction in the then current real property taxes and/or personal property taxes, as well as a reduction in the prospective amounts that would be due in connection with the completion of the project.
History of Section.
P.L. 2015, ch. 141, art. 19, § 5.
Terms Used In Rhode Island General Laws 42-64.22-9
- Personal property: All property that is not real property.
- Project: means qualified development project as defined under subsection (20). See Rhode Island General Laws 42-64.22-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.