This bill amends Section 45-32-40 of the General Laws in Chapter 45-32, which relates to redevelopment projects. The amendment adds the city of Central Falls to the list of cities exempt from taxation for real property acquired by an agency for redevelopment purposes. Currently, only the cities of Providence and Pawtucket are exempt. The bill states that all real property acquired for redevelopment purposes is subject to taxation unless exempted by an ordinance enacted by the city council. The bill will take effect upon passage.

Statutes affected:
2047: 45-32-40