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Home » US Law » 2022 Rhode Island General Laws » Title 44 - Taxation » Chapter 44-4.2 - Historic Industrial Building — Tax Deferment

Section 44-4.2-1. – Short title.

§ 44-4.2-1. Short title. This chapter shall be known and may be cited as the “Historic Building Preservation and Affordable Residential Housing Act of Pawtucket”. History of Section.P.L. 1989, ch. 132, § 1.

Section 44-4.2-2. – Declaration of necessity.

§ 44-4.2-2. Declaration of necessity. Latest surveys in the city of Pawtucket indicate a sizeable number of historic industrial mill buildings, which are unutilized or underutilized and a growing need to provide affordable residential housing for the residents of the city. Inability to provide this housing through the conventional free market forces has magnified the […]

Section 44-4.2-3. – Definitions.

§ 44-4.2-3. Definitions. Wherever used in this chapter: (1) “Historic and industrial mill building” means an industrial building built prior to January 1, 1949 and meets one of the following: (i) Listed on the national register of historic places, as maintained by the U.S. Department of Interior; (ii) Eligible for listing on the local historic […]

Section 44-4.2-4. – Deferment of taxation.

§ 44-4.2-4. Deferment of taxation. (a) The city council of Pawtucket may, by ordinance, defer for real estate tax purposes a portion of the full valuation of a housing unit located within a renovated historic industrial mill building having at least twenty-five (25) new housing units as follows: (1) In the first year after purchase […]

Section 44-4.2-5. – Liberal construction.

§ 44-4.2-5. Liberal construction. The provisions of this chapter shall be liberally constructed in order to accomplish its purposes. History of Section.P.L. 1989, ch. 132, § 1.

Section 44-4.2-6. – Severability.

§ 44-4.2-6. Severability. If any provision of this chapter or its application to any person or circumstances is held invalid, that invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are declared to […]