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Rhode Island General Laws — Title 44 (Taxation)

R.I. Gen. Laws § 44-3-37

Burrillville — Exemption and/or valuation freeze of retailer’s inventory

Official textwebserver.rilegislature.govlast amended

# (a)

The town council for the town of Burrillville may, by ordinance, wholly or partially exempt from taxation and/or freeze the valuation of the stock in trade or inventory of retailers for a period of up to twenty-five (25) years.

# (b)

“Retailer” means and includes a person, partnership, corporation, or other business entity engaged in the business of selling goods at retail.

# (c)

“Inventory” or “stock in trade” means and includes the merchandise kept on hand for sale in the normal course of business of a retailer.

# (d)

The town council of the town of Burrillville may, by ordinance, establish the application and/or verification procedures for taxpayers to avail themselves of the benefit of any exemption or valuation freeze permitted under this section as the town council may deem necessary.

Amendment history

History of Section. P.L. 1993, ch. 343, § 1.

Source: view the official text

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In this chapter (40 sections)
  1. 44-3-25.1 · Bristol — Maximum exemptions
  2. 44-3-26 · Repealed
  3. 44-3-27 · South Kingstown — Certain tax exemptions
  4. 44-3-27.1 · Bristol — Certain tax exemptions
  5. 44-3-28 · North Providence — Exemption for people with paraplegia
  6. 44-3-28.1 · Smithfield — Exemption for people with paraplegia
  7. 44-3-29 · Exemption and/or valuation freeze of wholesaler’s inventory
  8. 44-3-29.1 · Wholesale and retail inventory tax phase out
  9. 44-3-30 · Burrillville — Property taxation of electricity generating…
  10. 44-3-31 · Providence — Certain tax exemptions
  11. 44-3-31.1 · Providence Freeze of certain tax
  12. 44-3-31.2 · Providence — Special property tax consideration for…
  13. 44-3-31.3 · Providence — Additional special property tax…
  14. 44-3-32 · Portsmouth — Tax exemption for the elderly
  15. 44-3-32.1 · Portsmouth — Tax exemption for farmland, forest land,…
  16. 44-3-32.2 · Cities and towns — Tax exemption for farmland,…
  17. 44-3-33 · Burrillville — Tax exemption for the Industrial Foundation…
  18. 44-3-34 · Central Falls — Homeowner exemption
  19. 44-3-35 · Burrillville — Real estate tax exemption for persons who…
  20. 44-3-36 · Portsmouth — Real estate tax exemption for persons who are…
  21. 44-3-37 · Burrillville — Exemption and/or valuation freeze of…
  22. 44-3-39 · Middletown — Exemption of persons over the age of 65
  23. 44-3-40 · Cities and towns — Authorization to exempt retailer’s…
  24. 44-3-41 · Glocester — Historic district exemption
  25. 44-3-42 · Cumberland — Fixed tax assessment for farmland
  26. 44-3-43 · Historic stone wall exemption
  27. 44-3-44 · Qualifying stock options — Exemption
  28. 44-3-45 · “Qualifying taxpayer” defined
  29. 44-3-46 · “Qualifying corporation” and “full-time equivalent…
  30. 44-3-47 · Cranston — Economic development tax incentive program…
  31. 44-3-48 · Burrillville — Certain tax exemptions
  32. 44-3-49 · Burrillville — Fixed tax rate
  33. 44-3-50 · Pawtucket — Certain tax exemptions
  34. 44-3-51 · North Smithfield — Tax exemptions
  35. 44-3-52 · Cumberland — Exemption for persons interned in…
  36. 44-3-53 · Club Sport Uniao Madeirense in the city of Central Falls —…
  37. 44-3-54 · “Sons of the Revolution” society located in the town of…
  38. 44-3-55 · South Kingstown — certain non-profit charitable…
  39. 44-3-56 · Tax credit in lieu of tax exemption in the town of…
  40. 44-3-57 · Deferment of payment of tax for the elderly — Bristol
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