{"data":{"id":"us-ri/r.i.-gen.-laws-45-33.2-22","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 45-33.2-22","heading":"Alternate tax increment provisions.","body":"Section 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28 are intended to modernize the laws of the state governing tax increment financing to facilitate economic development in the state. Section 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28 shall be construed to provide a complete, additional, and alternative method for performing the things authorized by this chapter, and shall be regarded as supplemental and in addition to the powers conferred by other laws, including §§ 45-33.2-2 through 45-33.2-21. Cities and towns which have created tax increments in accordance with §§ 45-33.2-2 through 45-33.2-21 may elect to use the provisions of § 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28 by adopting an ordinance of the city or town council:\n(1) Declaring the intention to be bound by § 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28; and\n(2) Approving such amendments to the city or town redevelopment plan and project plan as may be required to proceed in accordance with § 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28. Effective July 1, 2018, a tax increment may be established which is not in a project area, as defined in § 45-33.2-3(4) or adopted pursuant to a project plan, as defined in § 45-33.2-3(5).","path":["Title 45 Towns and Cities","Chapter 33.2 Municipal Tax Increment Financing Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE45/45-33.2/45-33.2-22.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:54Z","sha256":"fba18e0471ee7745d5708f624f80c068012da93b6091641be510b97974628065","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-45-33.2-21","next":"us-ri/r.i.-gen.-laws-45-33.2-23"},"notice":"GroundRules: Original legal text. Not legal advice."}