Exempts from taxation the real and personal property of the Rhode Island Business Development Institute located at 220 Smith Street, Providence.
Establishes a program operated by the Rhode Island housing and mortgage finance corporation called the "housing land bank" to create affordable housing in RI with the authority to buy, receive, and hold real property for housing development.
Increases the minimum required awarded to minority business enterprises from 15% to 20% and of that, requires a minimum of 10% be awarded to minority owned businesses and a minimum of 10% be awarded to women owned businesses.
Requires that one of the seven (7) directors of the Rhode Island airport corporation be appointed by the governor from a list of individuals submitted by the mayor of the city of Warwick.
Requires that one of the seven (7) directors of the Rhode Island airport corporation be appointed by the governor after the governor gives due consideration to a list of individuals submitted by the mayor of the city of Warwick.
Requires commercial property owners to install vehicle barriers at their retail establishment locations when new construction are being done and permits insurers to consider the installation to provide a discount on the owner's insurance policy.
Expands the duties of the small business ombudsman, by also having the ombudsman serve as the Rhode Island commerce corporation's small business advocate.
Expands the duties of the small business ombudsman, by also having the ombudsman serve as the Rhode Island commerce corporation's small business advocate.
Allows the operation of a home-based business, which meets criteria for home office IRS income tax deduction, without securing approval from the municipality with no storage of chemicals/park heavy equipment/not more than 10% of premises used for parking.
Exempts from taxation real and tangible personal property of Little Flower Home, provided it remains a qualified tax-exempt corporation pursuant to ยง 501(c)(3) of the Internal Revenue Code, by amending the address from former location to current location.