§ 44-3-3.1 - Exemption of office equipment used for manufacturing or commercial purposes.
SECTION 44-3-3.1
§ 44-3-3.1 Exemption of office equipmentused for manufacturing or commercial purposes. – (a) The city or town council of any municipality may by ordinance wholly orpartially exempt from taxation for a period of up to twenty-five (25) years anyitems of office equipment, which include, but are not limited to, computers,telephone equipment, and any other items of personal property used in an officeand/or any leasehold improvements which are not exempt and are used formanufacturing or commercial purposes and may by ordinance establish theprocedures for taxpayers to avail themselves of the benefit of any exemptionpermitted under this section.
(b) Nothing in this section shall be deemed to permit theexemption provided in this section to be available to any manufacturing orcommercial business relocating from one city or town within the state toanother.