Rhode Island General Laws > Chapter 44-5.3 – Statewide Tangible Property Tax Exemption


§ 44-5.3-1	Municipal tangible property tax exemption
§ 44-5.3-2	Reimbursement of lost tax revenue
§ 44-5.3-3	Tangible property tax rate cap
§ 44-5.3-4	Removal of certain limitations and requirements
§ 44-5.3-5	Application

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Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Personal property: All property that is not real property.
town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9