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Recently, the Woonsocket City Council gave passage to a favorable tax
exemption for technology related property. In order to qualify for this
cost-saving plan, businesses must meet the following criteria: Qualifying business must have no less than forty (40) employees New investment towards Main Frame Computers, PC based area wide networks, PC based local area networks that include at least 25 workstations, and research and development equipment. Qualifying business must engage in Retail Sales, Extraction of minerals or raw materials, distribution of merchandise, or provide professional services. Also, applicable businesses in the health related services are included. Eligible property acquired within a calendar year must be certified by the City's Tax Assessor. For more information concerning this attractive cost-savings plan, please call Jeff Polucha, at 401-767-9203 or E-mail: Jeff Polucha.
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