§ 44-3-33 - Burrillville – Tax exemption for the Industrial Foundation of Burrillville. - Rhode Island Statutes

SECTION 44-3-33

   § 44-3-33  Burrillville – Taxexemption for the Industrial Foundation of Burrillville. – (a) The town council of the town of Burrillville may, by an ordinance pursuantto the home rule charter of the town of Burrillville, exempt from taxation thereal property situated in that town and owned and/or occupied or otherwisecontrolled by the Industrial Foundation of Burrillville.

   (b) The town of Burrillville may impose any conditions orother requirements for the exemption of taxation upon the Industrial Foundationof Burrillville upon its dissolution as a nonprofit corporation or uponfulfillment of its chartered purpose.

   (c) The exemption if adopted by the town of Burrillville maybe retroactive to December 31, 1986.