§ 41-10-8. Payment by state to cities and towns - State aid formula. The off track betting tax payable to the state under § 41-10-7(a)(1), (2), and (3) shall be paid directly by the state to the cities and towns of the state in accordance with the state aid formula as set out in § 45-13-1, and these funds shall be used by the cities and towns as a direct reduction against the residential tax rate.
History of Section. (P.L. 1990, ch. 512, § 1.)
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