Bill would make temporary tax break on unoccupied residential units permanent

PROVIDENCE – The R.I. Senate has approved legislation that will make permanent tax exemptions that apply to residential properties that are under construction or that have unsold, unoccupied dwellings. The existing law, sponsored by now-Senate Majority Leader Michael J. McCaffrey, D-Warwick, in 2015, created exemptions from taxation for residential developments that were either not complete…

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