This bill amends Section 44-3-9 of the General Laws to allow cities and towns to exempt or stabilize taxes on property used for manufacturing, commercial, or residential purposes. The bill also requires cities and towns to include project hiring requirements in tax stabilization agreement applications. These requirements include employing 20% women, 25% minorities noncongruent, and 51% residents of the state. Additionally, the bill mandates that 20% or more of the total work hours for journeypersons and apprentices be completed by women, 25% or more be completed by minorities noncongruent, and 51% or more be completed by residents of the state. This bill would take effect upon passage.

Statutes affected:
5949: 44-3-9