Bill
Bill > S3031
RI S3031
Removes the exemption from taxation granted to Bryant University located in Smithfield, RI subjecting the university to full taxation unless, the university and the town of Smithfield reach an agreement on payment in lieu of taxes on or before 6/30/24.
summary
Introduced
05/02/2024
05/02/2024
In Committee
06/11/2024
06/11/2024
Crossed Over
Passed
Dead
06/30/2024
06/30/2024
Introduced Session
2024 Regular Session
Bill Summary
This act would remove the exemption from taxation granted to Bryant University located in Smithfield, Rhode Island subjecting the university to full taxation unless, the university and the town of Smithfield reach an agreement on payment in lieu of taxes on or before June 30, 2024. This act would take effect upon passage.
AI Summary
This bill removes the exemption from taxation granted to Bryant University located in Smithfield, Rhode Island, subjecting the university to full taxation unless the university and the town of Smithfield reach an agreement on payment in lieu of taxes on or before June 30, 2024. The bill aims to provide relief for businesses, including small businesses, and to promote economic development by allowing cities, towns, or fire districts to establish exemptions for tangible personal property within their geographic limits.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Committee recommends passage (on 06/11/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText24/SenateText24/S3031.pdf |
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