Rhode Island § 42-64.22-3 § 42-64.22-3. Establishment of program.

Rhode Island Statutes

§ 42-64.22-3 — § 42-64.22-3. Establishment of program.

Rhode Island § 42-64.22-3

Title 42State Affairs and Government

Ch. 42-64.22Tax Stabilization Incentive

This text of Rhode Island § 42-64.22-3 (§ 42-64.22-3. Establishment of program.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.22-3 (2026).

Text

§ 42-64.22-3. Establishment of program.
(a) The Tax Stabilization Incentive Program is hereby created to provide incentives to
            Rhode Island municipalities to enter into qualifying property tax stabilization agreements
            in connection with qualifying projects set forth herein.
         
(b) Under the program, qualified and Hope Communities in the state of Rhode Island that
            grant qualifying tax stabilization agreements, subject to the provisions of § 44-3-9, in connection with a qualifying project, may apply to the commerce corporation for
            certification for partial reimbursement of the amount of real estate taxes and/or
            

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§ 42-64.22-3. Establishment of program.

(a) The Tax Stabilization Incentive Program is hereby created to provide incentives to Rhode Island municipalities to enter into qualifying property tax stabilization agreements in connection with qualifying projects set forth herein.

(b) Under the program, qualified and Hope Communities in the state of Rhode Island that grant qualifying tax stabilization agreements, subject to the provisions of § 44-3-9, in connection with a qualifying project, may apply to the commerce corporation for certification for partial reimbursement of the amount of real estate taxes and/or personal property taxes that would have otherwise been paid had the qualified and/or hope communities not granted said tax stabilization agreement.