§ 45-37-7 - Tax exemption and payment for services in lieu of taxes. - Rhode Island Statutes

SECTION 45-37-7

   § 45-37-7  Tax exemption and payment forservices in lieu of taxes. – Any industrial facility owned by the state or a municipality, as provided in§ 45-37-3, is declared to be public property and is exempt from all taxesand special assessments of any municipality; provided, that in lieu of taxesand special assessments, the state or the municipality shall require anylessee, sublessee, or occupant of the industrial facility to make paymentsannually to the municipality in which an industrial facility is located for itsjust share of the public expense, including, but not limited to, education,highway maintenance, fire and police protection and other similar publicexpenses and governmental services; and provided, further, that the governor,or his or her designee, or the governing body of the municipality determines,after a hearing, that these payments constitute a just share of the publicexpense.