§ 42-64.3-2. Legislative findings.
The general assembly finds and declares:
(1) That there are certain distressed areas in this state which are characterized by substantial and persistent levels of unemployment; blighted areas; obsolete, dilapidated, and abandoned industrial and commercial structures; and, as a consequence, continually shrinking tax bases which threaten their very existence;
(2) That the numerous programs undertaken by the federal government and the state during the past two (2) decades to stop the deterioration and stimulate economic activity in these urban areas have, in large part, failed;
(3) That it is the public policy of this state to undertake an experimental program to stimulate economic revitalization, promote employment opportunities, and encourage business development and expansion in distressed areas.
History of Section.P.L. 1982, ch. 386, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.3 - Distressed Areas Economic Revitalization Act
Section 42-64.3-1. - Short title.
Section 42-64.3-2. - Legislative findings.
Section 42-64.3-3. - Definitions.
Section 42-64.3-3.1. - Enterprise zone council.
Section 42-64.3-4. - Designation of enterprise zones.
Section 42-64.3-5. - Criteria for enterprise zone designation.
Section 42-64.3-5.1. - Coordination with existing programs.
Section 42-64.3-6. - Business tax credits.
Section 42-64.3-6.1. - Impact analysis and periodic reporting.
Section 42-64.3-7. - Resident business owner tax modification.
Section 42-64.3-7.1. - Repealed.
Section 42-64.3-8. - Repealed.
Section 42-64.3-8.1. - Repealed.
Section 42-64.3-8.2. - Promotion of the zone.
Section 42-64.3-9. - Standards for business property tax adjustment.
Section 42-64.3-9.1. - Authority for business property tax adjustment — West Warwick.
Section 42-64.3-10. - Additional rules and regulations.
Section 42-64.3-10.1. - Qualified business facilities in two enterprise zones.
Section 42-64.3-11. - Penalty for failure to comply.
Section 42-64.3-12. - Applicability to federal enterprise zones and communities.