Rhode Island General Laws 46-24-11. Payments in lieu of taxes
Current as of: 2024 | Check for updates
|
Other versions
The authority shall pay annually in lieu of any property tax, as a charge upon its earnings and revenues, to each city, town, and district, or other district, a sum equal in amount to any property tax levied on any property by or on behalf of the town or district during the year next preceding the acquisition of the property by the authority. The authority shall have no power to levy or collect ad valorem property taxes.
History of Section.
P.L. 1972, ch. 111, § 1.
Terms Used In Rhode Island General Laws 46-24-11
- 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