AN ACT RELATING TO TOWNS AND CITIES -- REDEVELOPMENT PROJECTS

This bill expands a tax exemption for redevelopment properties to include the city of Central Falls, joining Providence and Pawtucket in this policy. Under the new rule, real property acquired by redevelopment agencies in Central Falls would not be taxed unless the city council specifically passes an ordinance to impose taxes on it. The legislation directly affects redevelopment projects in Central Falls by potentially reducing the financial burden on properties used for community revitalization efforts.